Deutsche Bank models only two headline EPS misses compared consensus this quarter among the analyst’s coverage and notes that one of these is Illinois Tool Works, which the firm is naming as a “Catalyst Call: Sell Idea.” The firm, which sees little opportunity for organic growth improvement in Q3 and says Illinois Tool Works has “the greatest exposure to the UAW strike within our coverage universe,” has a Sell rating and $183 price target on the shares.
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Read More on ITW:
- Illinois Tool Works announces CEO succession plan
- Illinois Tool Works price target lowered to $198 from $213 at Barclays
- ITW Board of Directors Approves Dividend Rate Increase
- Illinois Tool Works increases quarterly dividend by 7% to $1.40 per share
- Illinois Tool Works boosts share repurchase program to $5B