Sell This Stock, BofA Says. It’s ‘Uniquely Vulnerable’ to Trump Tariffs.
Diversified industrial manufacturer ITW is especially exposed to the impact of President Donald Trump’s tariffs, BofA Securities says. On Wednesday, analyst Andrew Obin cut his rating to Sell from Hold and reduced his price target to $220 from $245 a share. It manufactures auto parts, food equipment, test equipment for the electronics industry, welding equipment, and construction products, among other things.