Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Akanksha Bakshi

JPMorgan Upgrades This Fortune 200 Manufacturing Company

JPMorgan ITW NYSE
  • Illinois Tool Works Inc. (NYSE:ITW) has been upgraded to Overweight from Neutral by JPMorgan analyst Tami Zakaria, as he views the stock's risk/reward as tilted more to the upside at the current valuation.
  • The analyst lowered the price target for ITW to $255 (an upside of 20%) from $262.
  • The analyst notes, management did not take temporary cost actions during the worst of the pandemic in 2020, instead of positioning the businesses to win in the recovery.
  • Zakaria predicts auto industry production to trough in the coming months with a wave of more optimistic sentiment on the horizon.
  • Price Action: ITW shares are trading higher by 0.35% at $212.49 on the last check Monday.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Cher 'shocked' to find out real birth name
Cher was stunned when she obtained a copy of her birth certificate and realised her name had been incorrectly registered as Cheryl.
BANG Premier
BANG Premier
Kanye West sued for assault
Former 'America's Next Top Model' finalist Jenn An is suing Kanye West for allegedly assaulting her in 2010.
BANG Premier
BANG Premier
He'll be the last meatpacker in the Meatpacking District. Here's how NYC's gritty 'hood got chic
The last meatpackers in New York's Meatpacking District have agreed to end their leases early and make way for development on their city-owned lot
The Independent UK
The Independent UK
I tried the viral microwave makeup sponge cleaning hack and won't be doing it again – here's what works better instead
The method was inefficient, potentially dangerous, and my sponge looked the same as before
Homes & Gardens
Homes & Gardens
Rufus Wainwright: ‘I had a great party trick, but it once blew up in my face’
The singer-songwriter on his most memorable fan, his love of Chappell Roan, and his close friend and nemesis Jake Shears
The Guardian - AU
The Guardian - AU
Will there be an Arcane season 3? Here's what the creators have said about what's coming next
A look ahead to League of Legends' on-screen future
Total Film
Total Film
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play