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Jefferies Maintains Illinois Tool Works(ITW.US) With Hold Rating, Raises Target Price to $290

Moomoo News ·  Dec 6 07:32  · Ratings

Jefferies analyst Stephen Volkmann maintains $Illinois Tool Works (ITW.US)$ with a hold rating, and adjusts the target price from $240 to $290.

According to TipRanks data, the analyst has a success rate of 68.6% and a total average return of 20.6% over the past year.

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Furthermore, according to the comprehensive report, the opinions of $Illinois Tool Works (ITW.US)$'s main analysts recently are as follows:

  • The demand for short cycle industrial goods is expected to improve, leading to anticipated growth acceleration by 2025. Analysts believe that valuations for most stocks in this sector are reaching or are at historic peaks, attributed to the record-high earnings levels.

  • Approaching 2025, the landscape for the Machinery and Industrial sector has evolved as markets have adopted a more bullish perspective on industrial trends and with valuations at the upper limits of historical ranges, a more selective approach is necessary. Illinois Tool Works is positioned as a highly defensive option within the industrial sector, with relatively stable margins throughout economic cycles, robust cash flow generation, and an ongoing share repurchase strategy. There is potential for further margin benefits in coming years as strategic sourcing initiatives are implemented and growth continues.

Note:

TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.

Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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