Barclays raises Illinois Tool Works' PT on signs of demand momentum

Barclays lifts PT on industrial parts and equipment maker Illinois Tool Works ITW.N to $275 from $244, maintains "underweight" rating

New PT implies a 6.3% downside from stock's last close

Barclays says co is seeing signs of improving demand heading into 2026, especially in auto OEM and consumer packaging businesses, with short-cycle industrial growth also firming up

While highlighting ITW's improving growth trajectory, brokerage also cautions that co's margin targets could be tough to meet

Of 19 brokerages tracking the stock, two rate it "buy" or higher, 11 "hold" and six "sell" or lower; their median PT is $275.50 - data compiled by LSEG

In 2025, ITW fell ~2.9%