RBC Capital lowered its price target on Illinois Tool Works (NYSE: ITW) to $150.00 (from $165.00) while maintaining a Sector Perform rating.

Analyst Seth Weber said the FY18 op margin and EPS haircut could take some air out of the story for now.

Analyst Comments Analyst EPS View Analyst PT Change

Illinois Tool Works (ITW) PT Lowered to $145 at StifelJuly 24, 2018 7:46 AM Illinois Tool Works (ITW) PT Lowered to $146 at UBSJuly 24, 2018 6:53 AM Illinois Tool Works (ITW) PT Lowered to $166 at CitiJuly 24, 2018 6:18 AM BofA/Merrill Lynch Downgrades Illinois Tool Works (ITW) to NeutralJuly 24, 2018 6:08 AM Illinois Tool Works (ITW) PT Lowered to $151 at Deutsche BankJuly 24, 2018 5:46 AM Goldman Sachs Downgrades Illinois Tool Works (ITW) to NeutralJuly 24, 2018 4:59 AM Illinois Tool Works (ITW) Reports In-Line Q2 EPS, Offers Q3 and FY GuidanceJuly 23, 2018 8:03 AM ITW Delivers $1.97 Earnings per Share, up 17%July 23, 2018 8:00 AM