Barrington Research Maintains Illinois Tool Works Outperform, $55 PT

Barrington Research maintained its Illinois Tool Works 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.