Wells Fargo Raises Price Target for Illinois Tool Works Amid Improving Demand Trends
Wells Fargo analyst Joseph O’Dea raised the price target on Illinois Tool Works (ITW) to $255 from $245, maintaining an Underweight rating. The firm noted positive sentiment around short-cycle capital expenditure demand and a recovery in Q1 performance with expectations for strong margin expansion.
Tickers: $ITW
Topics: capital expenditures dividend stocks margin expansion organic growth