Market Overview

UPDATE: Jefferies Raises PT on Illinois Tool Works to $70 (ITW)

Share:

Jefferies is out with its report today on Illinois Tool Works (NYSE: ITW), raising its PT from $65 to $70.

In a note to clients, Jefferies writes, "Our $70 PT (from $65) is based on multiples that are above the midpoint of the historical range (180% EV/Sales, 10.0x EV/EBITDA, 16.5x P/E) on our FY11 numbers. Risks include any change in economic growth and the company's ability to supplement growth with acquisitions. ITW is global and could be impacted by currency fluctuations."

Shares of ITW closed Tuesday at $57.73, up 6.10% from Monday's close.

 

Related Articles (ITW)

View Comments and Join the Discussion!

Posted-In: illinois tool works JefferiesAnalyst Color Price Target Analyst Ratings

Latest Ratings

StockFirmActionPT
WBSCompass PointUpgrades59.0
DFSBMO CapitalMaintains101.0
BKRBMO CapitalMaintains25.0
AEOBMO CapitalMaintains26.0
STIMWilliam BlairUpgrades
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com