As previously reported, BofA analyst Andrew Obin upgraded Illinois Tool Works (ITW) to Neutral from Underperform with a price target of $255, up from $220. The firm expects year-over-year margin expansion to be strong in 2026 and thinks the strong margin expansion will drive EPS growth to be relatively in line with peers in 2026-2027, the analyst tells investors.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ITW:
- Illinois Tool Works upgraded to Neutral from Underperform at BofA
- Illinois Tool Works price target lowered to $275 from $298 at Truist
- Illinois Tool Works price target raised to $244 from $243 at Barclays
- Illinois Tool Works price target raised to $265 from $258 at Baird
- Illinois Tool Works price target lowered to $258 from $266 at Goldman Sachs