JPMorgan Upgrades Illinois Tool Works (ITW) to Neutral

JPMorgan analyst Ann Duignan upgraded Illinois Tool Works (NYSE: ITW) from Underweight to Neutral with a price target of $144.00 (from $120.00).

• The analyst upgrades the name noting a limited downside risk to 2019 EPS.
• Believes guidance is "adequately conservative" as the worst of auto builds and EU weakness is likely in the rear-view mirror.

For an analyst ratings summary and ratings history on Illinois Tool Works click here. For more ratings news on Illinois Tool Works click here.

Shares of Illinois Tool Works closed at $151.21 yesterday.

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