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Do Analysts Agree Friday on Illinois Tool Works Inc. (ITW) Stock's Target Price?

Friday, October 27, 2023 03:07 PM | InvestorsObserver Analysts

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Do Analysts Agree Friday on Illinois Tool Works Inc. (ITW) Stock's Target Price?

Wall Street is positive on Illinois Tool Works Inc. (ITW). On average, analysts give Illinois Tool Works Inc. a Hold rating. The average price target is $233.75, which means analysts expect the stock to climb by 4.92% over the next twelve months. That average ranking earns Illinois Tool Works Inc. an Analyst Rating of 5, which is better than 5% of stocks based on data compiled by InvestorsObserver.

Overall Score - 3
Wall Street analysts are rating ITW a Hold today. Find out what this means to you and get the rest of the rankings on ITW!

Why are Analyst Ratings Important?

Fundamental research of the underlying health of a company can be an extremely useful resource when making investment decisions. Analysts observe growth prospects and forecasted earnings of companies to gain a comprehensive view of particular industries. This data allows traders to react before numbers are officially reported. InvestorsObserver takes the ratings from these analysts and percentile ranks those aveages. This allows you to compare stocks extensively and in more detail than the common buy/hold/sell ratings.

What's Happening With Illinois Tool Works Inc. Stock Today?

Illinois Tool Works Inc. (ITW) stock is trading at $222.79 as of 2:51 PM on Friday, Oct 27, a drop of -$1.37, or -0.61% from the previous closing price of $224.16. The stock has traded between $222.32 and $227.04 so far today. Volume today is light. So far 692,103 shares have traded compared to average volume of 1,159,093 shares. Click Here to get the full Stock Report for Illinois Tool Works Inc. stock.

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