tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Illinois Tool Works price target raised to $261 from $249 at Evercore ISI

Evercore ISI raised the firm’s price target on Illinois Tool Works (ITW) to $261 from $249 and keeps an Underperform rating on the shares. The firm adjusted models in the machinery group following the Q2 reports. The analyst sees an upward bias to earnings estimates driving further multiple expansion in the sector. Evercore’s top pick in the group is Cummins (CMI).

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1