Barclays analyst Julian Mitchell lowered the firm’s price target on Illinois Tool Works to $198 from $213 and keeps an Underweight rating on the shares. The analyst reduced estimates to reflect weaker Europe and China data along with a stronger U.S. dollar.
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Read More on ITW:
- 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
- Illinois Tool Works price target raised to $292 from $281 at Credit Suisse
- Illinois Tool Works raises FY23 EPS guidance to $9.55-$9.95, consensus $9.66