Citi Reports Illinois Tool Works Trending Higher than Estimates

Citi reports Illinois Tool Works

is trending higher than Citi's estimates. In a note to clients, Citi writes, "Buy-rated ITW reported Nov three-month base revenue growth of 9%, down slightly from +11% in 3Q10 but slightly ahead of our 4Q10 estimate for 7.4% (including expectations for Dec growth to be slower than Sept based on a tougher comp)." ITW is trading at $50.84.