Illinois Tool Works falls after BofA cuts rating on tariff headwinds

Illinois Tool Works

07/05/2025 13:11

** Toolmaker Illinois Tool Works' shares ITW.N fall 2% to $235 premarket

** BofA lowers rating to "underperform" from "neutral", cuts PT to $220 from $245

** Says ITW is vulnerable to tariff disruption due to its end market, even without a broader recession

** "We believe that the company will face headwinds to growth and margin expansion given its exposure to automotive and consumer markets, driving negative consensus revisions." - BofA

** Three brokerages rate the stock "buy" or higher, 13 "hold" and 4 "sell" or lower; their median PT is $245 - LSEG-compiled data

** As of last close, stock has fallen 5.4% YTD

(Reporting by Aatreyee Dasgupta)

((Aatreyee.Dasgupta@thomsonreuters.com))