Barrington Research Reiterates Illinois Tool Works Outperform

Barrington Research reiterated its Illinois Tool Works ITW Outperform rating in a research report published today. Barrington Research has a $55 price target on Illinois Tool Works' shares. In the report, Barrington Research states, "We believe that management is seasoned from the last recession as the trough operating margin exceeded our expectation. We believe that ITW should be able to mitigate 2012 slowing sales growth with 80/20 operational excellence and acquisitions." Shares of Illinois Tool Works were trading at $48.41 at the time of posting, up 2.22% from Friday's market close.