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UPDATE: Global Hunter Securities Upgrades Illinois Tool Works (ITW) to Buy

December 8, 2014 7:45 AM EST
Get Alerts ITW Hot Sheet
Price: $268.21 +1.56%

Rating Summary:
    4 Buy, 15 Hold, 7 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 6 | Down: 3 | New: 1
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(Updated - December 8, 2014 10:14 AM EST)

Global Hunter Securities upgraded Illinois Tool Works (NYSE: ITW) from Accumulate to Buy with a price target of $111 (from $92).

"ITW presented a compelling presentation to investors, including the 2015 guidance and long-term shareholder return metrics. We are increasing our 2015 EPS estimates for better-than-expected self-help-related sales growth and operating leverage," said analyst Walt Liptak.

"ITW is currently trading at a 2015 P/E of 18.4x and EV/EBITDA of 10.5x, which is in line with our 245 company industrials universe and the large-cap diversified industrials group. We believe that ITW should trade at a premium to its groups and closer to its top comparable peer Danaher (DHR), which is trading at a 2015 P/E and EV/EBITDA of 20.8x and 12.2x," he added.

For an analyst ratings summary and ratings history on Illinois Tool Works click here. For more ratings news on Illinois Tool Works click here.

Shares of Illinois Tool Works closed at $96.69 yesterday.



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