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Illinois Tool Works (NYSE:ITW) Price Target Lowered to $276.00 at Wolfe Research
Wolfe Research has lowered its price target for Illinois Tool Works (NYSE:ITW) to $276.00 from $278.00, maintaining an “underperform” rating, which implies a potential 6% downside. This adjustment comes despite ITW beating Q4 EPS estimates and setting optimistic FY2026 EPS guidance. The analyst consensus on MarketBeat currently rates the stock as “Reduce” with a target price of $270.54, and a director recently sold a significant number of shares.