Barrington Research Maintains Illinois Tool Works Outperform, $55 PT
Barrington Research maintained its Illinois Tool Works (NYSE: ITW) Outperform rating and $55 price target in a research report published today.
In the report, Barrington Research states, "We believe that ITW should have a good 2012 due to continued internal execution of the company's strategic growth initiatives and the possibility that 2012 could be the first of a multi-year recovery for construction end markets. We believe that ITW has a strong management and should be able to support growth despite the global concern on slowing markets, especially in Europe."
Shares of Illinois Tool Works closed today at $53.03, down 0.32% from Monday's market close.
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