Analysts’ Opinions Are Mixed on These Industrial Goods Stocks: Old Dominion Freight (ODFL) and Illinois Tool Works (ITW)
Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on Old Dominion Freight (ODFL – Research Report) and Illinois Tool Works (ITW – Research Report).
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Old Dominion Freight (ODFL)
In a report released today, Jordan Alliger from Goldman Sachs maintained a Buy rating on Old Dominion Freight. The company’s shares closed last Wednesday at $208.54.
According to TipRanks.com, Alliger is a 4-star analyst with an average return of
The word on The Street in general, suggests a Hold analyst consensus rating for Old Dominion Freight with a $167.50 average price target, representing a -12.5% downside. In a report released today, Morgan Stanley also upgraded the stock to Buy with a $209.00 price target.
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Illinois Tool Works (ITW)
Bank of America Securities analyst Andrew Obin maintained a Hold rating on Illinois Tool Works today. The company’s shares closed last Wednesday at $288.80.
According to TipRanks.com, Obin is a 5-star analyst with an average return of
The word on The Street in general, suggests a Hold analyst consensus rating for Illinois Tool Works with a $275.50 average price target, representing a -2.2% downside. In a report released today, Truist Financial also reiterated a Hold rating on the stock with a $280.00 price target.
