The latest price target for Illinois Tool Works (NYSE:ITW) was reported by Evercore ISI Group on August 19, 2024. The analyst firm set a price target for $246.00 expecting ITW to fall to within 12 months (a possible -3.27% downside). 27 analyst firms have reported ratings in the last year.

The latest analyst rating for Illinois Tool Works (NYSE:ITW) was provided by Evercore ISI Group, and Illinois Tool Works maintained their in-line rating.

The last upgrade for Illinois Tool Works Inc happened on March 28, 2022 when JP Morgan raised their price target to $255. JP Morgan previously had a neutral for Illinois Tool Works Inc.

The last downgrade for Illinois Tool Works Inc happened on February 6, 2024 when Wells Fargo changed their price target from $277 to $240 for Illinois Tool Works Inc.

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Illinois Tool Works, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Illinois Tool Works was filed on August 19, 2024 so you should expect the next rating to be made available sometime around August 19, 2025.

While ratings are subjective and will change, the latest Illinois Tool Works (ITW) rating was a maintained with a price target of $251.00 to $246.00. The current price Illinois Tool Works (ITW) is trading at is $254.32, which is out of the analyst’s predicted range.