Barclays Maintains an 'Equalweight' on Illinois Tool Works (ITW); Steady Growth Expected

Barclays maintains an 'Equalweight' on Illinois Tool Works (NYSE: ITW) price target of $57.00.

Barclays analyst says, "After attending ITW's annual Investor Meeting in New York, we continue to think that the company is one of the better run and most diversified companies in the machinery space. While we think the company has growing exposure to our preferred end markets and geographies, we continue to prefer machinery companies with more leverage to emerging markets and energy/mining markets."

"ITW's outlook can perhaps best be characterized as "steady as she goes," with a combination of cyclical recovery and market share gains in some key markets and good/growing exposure to some of the end markets we view as more secuar growers."

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 $45.95 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Barclays Downgrades OGE Energy (OGE) to Equalweight
• Southern Co. (SO) PT Raised to $73 at BofA Securities
• Barclays Starts Kinetik Holdings, Inc. (KNTK) at Equalweight, 'positives are reflected in KNTK's valuation'