Alert: Rating Upgrade (12/22/23)-Illinois Tool Works Inc. (NYSE: ITW).


Stock Rating Upgrade

The Value Trend Rating for Illinois Tool Works Inc. (NYSE: ITW) improved of late from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.


Recent Price Action

Illinois Tool Works Inc. (NYSE: ITW) stock closed at $261.91 on 12/22/23 after a modest gain of 0.5%. However, exceptionally low trading volume at 44% of normal accompanied the advance. The stock has risen 1.0% during the last week and has been strong relative to the market over the last nine months.

Current PriceTarget Research Rating

ITW is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

Illinois Tool Works has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Illinois Tool Works has a very low Appreciation Score of 13 but a good Power Rating of 75, producing the Low Neutral Value Trend Rating.

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