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ITW

Illinois Tool Works

$130.02

0.015 (0.01%)

05:06
01/10/19
01/10
05:06
01/10/19
05:06

Illinois Tool Works downgraded to Underweight from Neutral at JPMorgan

JPMorgan analyst Ann Duignan downgraded Illinois Tool Works to Underweight and lowered her price target for the shares to $120 from $136.

ITW Illinois Tool Works
$130.02

0.015 (0.01%)

12/17/18
12/17/18
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Best Buy (BBY) downgraded to Underperform from Neutral at BofA/Merrill analyst Curtis Nagle citing his caution about key product categories that include TVs, Apple (AAPL) products and gaming. 2. Illinois Tool Works (ITW) downgraded to Sell from Hold at Deutsche Bank. 3. Chesapeake Utilities (CPK) and Middlesex Water (MSEX) were downgraded to Neutral from Buy at Janney Montgomery Scott. 4. Callaway Golf (ELY) downgraded to Neutral from Buy at Roth Capital with analyst Dave King citing the recent acquisition of Jack Wolfskin and saying that the deal moves Callaway beyond its core competency in golf. 5. Centene (CNC) downgraded to Buy from Conviction Buy at Goldman Sachs with analyst Stephen Tanal citing risk associated with a potential adverse outcome in the Texas versus United States ACA ruling. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/18/18
MSCO
12/18/18
DOWNGRADE
MSCO
Underweight
Illinois Tool Works downgraded to Underweight from Equal Weight at Morgan Stanley
12/18/18
12/18/18
DOWNGRADE
Target $115

Underweight
Morgan Stanley cuts Illinois Tool Works to Underweight on end market challenges
As previously reported, Morgan Stanley analyst Joshua Pokrzywinski downgraded Illinois Tool Works to Underweight from Equal Weight to reflect a more difficult organic growth backdrop in its end markets. He also believes the company will likely make net subtractions from its portfolio through divestitures and product line simplification, leaving it in a position to have a hard time growing without diluting the core, Pokrzywinski tells investors. He lowered his price target on Illinois Tool Works shares to $115 from $131.
12/18/18
12/18/18
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Philip Morris (PM) downgraded to Underperform from Neutral at Credit Suisse with analyst Alan Erskine saying after conducting a survey of next-generation products users in Japan, the U.S. and the U.K., he believes slower progress in the take-up of heated tobacco products and weaker combustible organic growth will challenge the high-single-digit earnings growth models of Philip Morris and British American Tobacco (BTI). 2. Wabco (WBC) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Courtney Yakavonis saying she is losing conviction that Wabco can return to its "normal" margin and outgrowth framework in FY19, citing rolling global truck markets, recent underperformance in core outgrowth, and sustained margin risks as limiting factors to the previously premium multiple. 3. Kansas City Southern (KSU) and Schneider National (SNDR) were downgraded to Neutral from Overweight at JPMorgan. 4. Illinois Tool Works (ITW) and Flowserve (FLS) were downgraded to Underweight from Equal Weight at Morgan Stanley, while Hubbell (HUBB) was downgraded to Equal Weight from Overweight at Morgan Stanley. 5. Worldpay (WP) downgraded to Outperform from Top Pick at RBC Capital with analyst Daniel Perlin saying while the company trades in line with its peers on a relative price-to-earnings basis, its shares remain attractive given the "conservative" expectations for synergy targets. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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LAD

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CYDY

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ABT

Abbott

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SFUN

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TS

Tenaris

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PAAS

Pan American Silver

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CRWS

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AL

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UTSI

UTStarcom

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VRTX

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ALNY

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THO

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PLWTY

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EFGSY

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TVFCF

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ATVDY

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TDPAY

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