Illinois Tool Works: Citigroup keeps Neutral rating, raises PT to $265.
Title: Citigroup Raises Price Target for Illinois Tool Works to $265
Citigroup has recently adjusted its price target for Illinois Tool Works (ITW) to $265, up from $254, while maintaining a Neutral rating on the shares. This move comes as part of a broader Q2 earnings preview for the industrial conglomerate group, with Citigroup expecting solid results across the sector and a slight increase in 2025 earnings outlooks.
The revised target reflects Citigroup's optimism about ITW's performance and the broader industrial sector's outlook. The firm expects most companies in the sector to report strong earnings, which could translate into higher stock valuations.
Investors should note that ITW is scheduled to release its second quarter 2025 results on July 30, followed by a webcast at 9:00 a.m. CDT. This event will provide more detailed insights into the company's financial performance and strategic direction.
For those interested in tracking ITW's stock performance and related news, several institutional investors and analysts have been actively engaged with the company. In the past six months, ITW has seen significant trading activity from insiders and institutional investors, with a notable increase in hedge fund positions.
Analysts have issued a mix of ratings for ITW, with some firms maintaining a positive outlook while others express caution. Citigroup's latest move underscores the potential for ITW's stock to appreciate, although investors should remain vigilant and consider the broader market conditions and the company's specific earnings report.
References
1. [https://www.tipranks.com/news/the-fly/illinois-tool-works-price-target-raised-to-265-from-254-at-citi-thefly?mod=mw_quote_news](https://www.tipranks.com/news/the-fly/illinois-tool-works-price-target-raised-to-265-from-254-at-citi-thefly?mod=mw_quote_news)
2. [https://www.nasdaq.com/articles/illinois-tool-works-inc-release-q2-2025-results-and-host-earnings-webcast-july-30](https://www.nasdaq.com/articles/illinois-tool-works-inc-release-q2-2025-results-and-host-earnings-webcast-july-30)
3. [https://www.marketbeat.com/instant-alerts/filing-oversea-chinese-banking-corp-ltd-purchases-649807-shares-of-citigroup-inc-nysec-2025-07-14/](https://www.marketbeat.com/instant-alerts/filing-oversea-chinese-banking-corp-ltd-purchases-649807-shares-of-citigroup-inc-nysec-2025-07-14/)
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