Tiger Brokers

BUZZ-Truist cuts PT on Illinois Tool Works due to tariff concern

Reuters
May 01, 2025
BUZZ-Truist cuts PT on Illinois Tool Works due to tariff concern

** Truist Securities cuts price target on Illinois Tool Works ITW.N to $284 from $302, rating unchanged at "buy"

** The new price target shows 18.4% upside to the stock's last close

** Says overall demand was steady in Q1, however the impact on customer demand from tariffs remains unknown looking forward

** "For 2025, auto builds and relevant markets are projected to be down mid-single digits"- Truist

** Brokerage raises 2025 adj. EPS forecast to $10.30 from $10.20

** Co's shares up 1% to $243 on Thursday's trading

** ITW announced earnings on Wednesday

** 3 of 20 brokerages rate the stock "buy" or higher, 13 "hold" and 4 "sell" or lower; their median PT is $245

** Including session moves, the shares are down 4% YTD

(Reporting by Apratim Sarkar)

((Apratim.Sarkar@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10