Jefferies analyst Stephen Volkmann reiterated a Buy rating on Illinois Tool Works (NYSE: ITW) yesterday and set a price target of $175. The company’s shares closed yesterday at $143.20.
According to TipRanks.com, Volkmann is a 5-star analyst with an average return of 18.0% and a 68.8% success rate. Volkmann covers the Industrial Goods sector, focusing on stocks such as Caterpillar, Paccar Inc, and Terex Corp.
Illinois Tool Works has an analyst consensus of Moderate Buy, with a price target consensus of $162.17.
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The company has a one-year high of $179.07 and a one-year low of $135.07. Currently, Illinois Tool Works has an average volume of 1.56M.
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Illinois Tool Works, Inc. manufactures industrial products and equipment. It operates through the following segments: Automotive OEM, Test & Measurement and Electronics, Food Equipment, Polymers & Fluids, Welding, Construction Products, and Specialty Products. The Automotive OEM segment produces components and fasteners for automotive-related applications.
