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Wells Fargo Adjusts Price Target on Illinois Tool Works to $255 From $245, Maintains Underweight Rating
Wells Fargo has updated its price target for Illinois Tool Works (ITW) to $255, an increase from its previous target of $245, while maintaining an “Underweight” rating on the stock. This adjustment comes amidst other analyst revisions and recent financial news from Illinois Tool Works, including their Q1 2026 earnings report and an increased profit forecast for 2026. This indicates ongoing attention from financial analysts on ITW’s performance and future outlook.