Barclays Maintains an 'Equalweight' on Illinois Tool Works (ITW); Q2 Model Update
Tweet
Share
E-mailGet Alerts ITW Hot Sheet
Price: $290.81 -0.06%
Rating Summary:
3 Buy, 17 Hold, 6 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
3 Buy, 17 Hold, 6 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Barclays maintains an 'Equalweight' on Illinois Tool Works (NYSE: ITW) price target from $56 to $61.00.
Analyst, Andy Kalpowitz, said, "ITW reported a generally solid 1Q12, which we think is largely reflective of good execution in spite of some mixed end markets and highlights the potential in ITW's diverse business model. Although there were some puts and takes in ITW's 1Q12 results, including base and total revenue growth below our expectations offset by better-than-expected margins in most businesses, we think that the good North American growth seen in 1Q12 could continue to sustain results despite slower growth expectations overseas. We were also intrigued to see ITW highlight its strategic initiatives of siness simplification, strategic sourcing and portfolio management."
Barclays raises FY12 EPS estimates from $4.15 to $4.25 and FY13 from $4.65 tto $4.70.
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 $56.68 yesterday.
Analyst, Andy Kalpowitz, said, "ITW reported a generally solid 1Q12, which we think is largely reflective of good execution in spite of some mixed end markets and highlights the potential in ITW's diverse business model. Although there were some puts and takes in ITW's 1Q12 results, including base and total revenue growth below our expectations offset by better-than-expected margins in most businesses, we think that the good North American growth seen in 1Q12 could continue to sustain results despite slower growth expectations overseas. We were also intrigued to see ITW highlight its strategic initiatives of siness simplification, strategic sourcing and portfolio management."
Barclays raises FY12 EPS estimates from $4.15 to $4.25 and FY13 from $4.65 tto $4.70.
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 $56.68 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Fiserv (FISV) PT Lowered to $60 at Freedom Broker
- Petronet LNG Ltd. (PLNG:IN) PT Raised to INR310 at ICICI Securities
- Piper Sandler Reiterates Overweight Rating on Estee Lauder (EL), 'F4Q26 Preview'
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
BarclaysSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
