Deutsche Bank analyst Nicole Deblase placed a “catalyst call: sell” on shares of Illinois Tool Works (ITW) as a short-term investment idea. The firm expects continued underperformance of the shares in the upcoming Q4 earnings season, precipitated by an earnings miss and 2025 guidance positioned below the Street. This will be driven by a combination of continued weakness in global auto production and incremental currency headwinds, the analyst tells investors in a research note.
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Read More on ITW:
- Illinois Tool Works upgraded to Neutral from Underperform at BofA
- Illinois Tool Works price target lowered to $265 from $270 at Barclays
- Illinois Tool Works price target lowered to $250 from $260 at Wells Fargo
- Illinois Tool Works price target raised to $318 from $312 at Truist
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