Illinois Tool Works falls after BofA cuts rating on tariff headwinds

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