Argus keeps a Buy rating on Illinois Tool Works (ITW) with a price target of $295. The company has been able to expand margins in six of its seven segments despite the soft market demand, the analyst tells investors in a research note. Illinois Tool Works also appears to be on track to deliver low single-digit sales growth over the long term, while its focus on innovation will help it drive revenue and gain market share in the future, Argus adds.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ITW:
- Starbucks, Spotify downgraded: Wall Street’s top analyst calls
- Illinois Tool Works downgraded to Underperform from In Line at Evercore ISI
- What Stocks Are U.S. Politicians Trading Before Election Day?
- Illinois Tool Works price target raised to $230 from $215 at Barclays
- Illinois Tool Works Steady Amid Market Challenges