Illinois Tool Works Inc. (NYSE:ITW) Receives Consensus Recommendation of "Reduce" from Analysts

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Illinois Tool Works Inc. (NYSE:ITW) has received a consensus “Reduce” recommendation from fourteen brokerages, with an average 12-month price target of $275.69. The company recently reported strong quarterly earnings, beating analyst estimates with $2.72 EPS and revenue of $4.09 billion. Despite positive financial results and a declared quarterly dividend of $1.61, insider selling and the overall “Reduce” rating highlight mixed sentiments from analysts.

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