Market Overview

Morgan Stanley Reiterates Underweight Rating, $60 PT on Illinois Tool Works

Share:
Related ITW
Earnings Scheduled For April 24, 2017
Why Lincoln Electric's Stock May See A 20 Percent Correction Soon

In a report published Monday, Morgan Stanley reiterated its Underweight rating and $60.00 price target on Illinois Tool Works (NYSE: ITW).

Morgan Stanley noted, “In our view, ITW is taking exactly the right course of action, but we continue to believe the stock will not sustain a premium multiple, until there is clear evidence it can generate superior core growth and operating leverage – a 2014 story, at the earliest, in our view. Remain UW.”

Illinois Tool Works closed on Friday at $59.82.

Latest Ratings for ITW

DateFirmActionFromTo
Mar 2017Stifel NicolausDowngradesBuyHold
Feb 2017Goldman SachsDowngradesNeutralSell
Nov 2016Goldman SachsDowngradesBuyNeutral

View More Analyst Ratings for ITW
View the Latest Analyst Ratings

Posted-In: Morgan StanleyAnalyst Color Reiteration Analyst Ratings

 

Related Articles (ITW)

View Comments and Join the Discussion!