Goldman Sachs Downgrades Illinois Tool Works (ITW) to Sell
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Price: $282.29 -0.16%
Rating Summary:
3 Buy, 17 Hold, 6 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
Rating Summary:
3 Buy, 17 Hold, 6 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
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Goldman Sachs downgraded Illinois Tool Works (NYSE: ITW) from Neutral to Sell with a price target of $48 (down from $61).
The firm cited below-average upside and lowered 2011/2012/2013 EPS estimates by 3%/9%/13% to $3.65/$3.95/$4.40.
For more ratings news on Illinois Tool Works click here and for the rating history of Illinois Tool Works click here.
Shares of Illinois Tool Works closed at $46.33 yesterday.
The firm cited below-average upside and lowered 2011/2012/2013 EPS estimates by 3%/9%/13% to $3.65/$3.95/$4.40.
For more ratings news on Illinois Tool Works click here and for the rating history of Illinois Tool Works click here.
Shares of Illinois Tool Works closed at $46.33 yesterday.
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