Apple, Inc (NASDAQ: AAPL), Medtronic, Inc. (NYSE: MDT), BlackRock, Inc. (NYSE: BLK), Bohai Pharmaceuticals Group, Inc. (OTC: BOPH), Google Inc. (NASDAQ: GOOG), Illinois Tool Works Inc. (NYSE: ITW) and Masimo Corp (NASDAQ: MASI) getting new analyst coverage.
Hilliard Lyons initiated coverage on Apple, Inc. (AAPL). They placed a “Buy” rating and a price target of $475.00 on the company.
Standpoint Research initiated coverage on Medtronic, Inc. (MDT). They placed an “Accumulate” rating and a price target of $38.00 on the company.
Standpoint Research initiated coverage on BlackRock, Inc. (BLK). They placed an “Accumulate” rating and a price target of $195.00 on the company.
Feltl & Co. initiated coverage on Masimo Corporation (MASI). They placed a “Hold” rating on the company.
Dawson James initiated coverage on Bohai Pharmaceuticals Group, Inc. (BOPH). They placed a “Buy” rating and a price target of $3.00 on the company.
Hilliard Lyons initiated coverage on Google Inc. (GOOG). They placed a “Buy” rating and a price target of $700.00 on the company.
Standpoint Research initiated coverage on Illinois Tool Works Inc. (ITW). They placed an “Accumulate” rating and a price target of $55.00 on the company.
Showing posts with label Illinois Tool Works. Show all posts
Showing posts with label Illinois Tool Works. Show all posts
Tuesday, August 16, 2011
Wednesday, August 10, 2011
RSC (RRR) (ITW) (CNI) (CTCM) (PH) (RGDX) (STXS) Downgraded
RSC Holdings Inc. (NYSE: RRR), Illinois Tool Works Inc. (NYSE: ITW), Canadian National Railway (NYSE: CNI), CTC Media, Inc. (NASDAQ: CTCM), Parker-Hannifin Co. (NYSE: PH), Response Genetics (NASDAQ: RGDX) and Stereotaxis, Inc. (NASDAQ: STXS) downgraded by analysts.
Illinois Tool Works Inc. (ITW) was downgraded by Goldman Sachs (NYSE:GS) from a “Neutral” rating to a “Sell” rating.
RSC Holdings Inc. (RRR) was downgraded by Goldman Sachs from a “Buy” rating to a “Neutral” rating.
Canadian National Railway (CNI) was downgraded by Goldman Sachs from a “Neutral” rating to a “Sell” rating.
CTC Media, Inc. (CTCM) was downgraded by Credit Suisse (NYSE:CS) from a “Neutral” rating to an “Underperform” rating.
Parker-Hannifin Co. (PH) was downgraded by Goldman Sachs from a “Buy” rating to a “Neutral” rating.
Response Genetics (RGDX) was downgraded by Ladenburg Thalmann from a “Buy” rating to a “Neutral” rating.
Stereotaxis, Inc. (STXS) was downgraded by Oppenheimer from an “Outperform” rating to a “Perform” rating.
Illinois Tool Works Inc. (ITW) was downgraded by Goldman Sachs (NYSE:GS) from a “Neutral” rating to a “Sell” rating.
RSC Holdings Inc. (RRR) was downgraded by Goldman Sachs from a “Buy” rating to a “Neutral” rating.
Canadian National Railway (CNI) was downgraded by Goldman Sachs from a “Neutral” rating to a “Sell” rating.
CTC Media, Inc. (CTCM) was downgraded by Credit Suisse (NYSE:CS) from a “Neutral” rating to an “Underperform” rating.
Parker-Hannifin Co. (PH) was downgraded by Goldman Sachs from a “Buy” rating to a “Neutral” rating.
Response Genetics (RGDX) was downgraded by Ladenburg Thalmann from a “Buy” rating to a “Neutral” rating.
Stereotaxis, Inc. (STXS) was downgraded by Oppenheimer from an “Outperform” rating to a “Perform” rating.
Wednesday, August 3, 2011
Wal-Mart (WMT) (TNK) (SLE) (TEVA) (ITW) (IMMR) Downgraded
Wal-Mart Stores Inc (NYSE: WMT), Teekay Tankers Ltd. (NYSE: TNK), Sara Lee (NYSE: SLE), Teva Pharmaceutical Industries Ltd (NASDAQ: TEVA), Illinois Tool Works Inc. (NYSE: ITW) and Immersion Corp. (NASDAQ: IMMR) were downgraded by analysts.
Wal-Mart Stores Inc (WMT) was downgraded by Goldman Sachs (NYSE:GS) to a “Hold” rating. They have a price target of $56.00 on the company.
Teekay Tankers Ltd. (TNK) was downgraded by Deutsche Bank (NYSE:DB) from a “Buy” rating to a “Hold” rating.
Sara Lee (SLE) was downgraded by Sanford C. Bernstein from an “Outperform” rating to a “Market Perform” rating.
Teva Pharmaceutical Industries Ltd (TEVA) was downgraded by Oppenheimer from an “Outperform” rating to a “Perform” rating.
Illinois Tool Works Inc. (ITW) was downgraded by ISI Group from a “Buy” rating to a “Hold” rating.
Immersion Corp. (IMMR) was downgraded by Capstone from a “Buy” rating to a “Hold” rating.
Wal-Mart Stores Inc (WMT) was downgraded by Goldman Sachs (NYSE:GS) to a “Hold” rating. They have a price target of $56.00 on the company.
Teekay Tankers Ltd. (TNK) was downgraded by Deutsche Bank (NYSE:DB) from a “Buy” rating to a “Hold” rating.
Sara Lee (SLE) was downgraded by Sanford C. Bernstein from an “Outperform” rating to a “Market Perform” rating.
Teva Pharmaceutical Industries Ltd (TEVA) was downgraded by Oppenheimer from an “Outperform” rating to a “Perform” rating.
Illinois Tool Works Inc. (ITW) was downgraded by ISI Group from a “Buy” rating to a “Hold” rating.
Immersion Corp. (IMMR) was downgraded by Capstone from a “Buy” rating to a “Hold” rating.
Thursday, July 28, 2011
Google (GOOG) (ITW) (JEC) (JNPR) (LVS) (OXY) (WFT) Price Targets Changed
Google Inc. (NASDAQ: GOOG), Illinois Tool Works Inc. (NYSE: ITW), Jacobs Engineering (NYSE: JEC), Juniper Networks (NASDAQ: JNPR), Las Vegas Sands Corp. (NYSE: LVS), Occidental Petroleum Co. (NYSE: OXY) and Weatherford (NYSE: WFT) had price targets changed by analysts.
Google Inc. (NASDAQ: GOOG) had its price target raised by Capstone to $689.00. They have a “Buy” rating on the company.
Illinois Tool Works Inc. (ITW) had its price target cut by Sterne Agee to $60.00.
Jacobs Engineering (JEC) had its price target slashed by Stifel Nicolaus from $60.00 to $55.00. They have a “Buy” rating on the company.
Juniper Networks (JNPR) had its price target lowered by Stifel Nicolaus from $39.00 to $37.00. They have a “Buy” rating on the company.
Las Vegas Sands Corp. (LVS) had its price target boosted by Brean Murray from $53.00 to $59.00. They have a “Buy” rating on the company.
Occidental Petroleum Co. (OXY) had its price target cut by Howard Weil from $132.00 to $128.00. They have an “Outperform” rating on the company.
Weatherford (WFT) had its price target raised by Howard Weil from $22.00 to $26.00. They have a “Market Perform” rating on the company.
Google Inc. (NASDAQ: GOOG) had its price target raised by Capstone to $689.00. They have a “Buy” rating on the company.
Illinois Tool Works Inc. (ITW) had its price target cut by Sterne Agee to $60.00.
Jacobs Engineering (JEC) had its price target slashed by Stifel Nicolaus from $60.00 to $55.00. They have a “Buy” rating on the company.
Juniper Networks (JNPR) had its price target lowered by Stifel Nicolaus from $39.00 to $37.00. They have a “Buy” rating on the company.
Las Vegas Sands Corp. (LVS) had its price target boosted by Brean Murray from $53.00 to $59.00. They have a “Buy” rating on the company.
Occidental Petroleum Co. (OXY) had its price target cut by Howard Weil from $132.00 to $128.00. They have an “Outperform” rating on the company.
Weatherford (WFT) had its price target raised by Howard Weil from $22.00 to $26.00. They have a “Market Perform” rating on the company.
Wednesday, May 18, 2011
Price Targets on (FOSL) (HELE) (HTHT) (IFF) (ITW) Updated
Analysts updated price targets on Fossil (NASDAQ: FOSL), Helen of Troy (NASDAQ: HELE), China Lodging Group (NASDAQ: HTHT), International Flavors & Fragrances Inc. (NYSE: IFF) and Illinois Tool Works Inc. (NYSE: ITW).
The Benchmark Company raised their price target on Fossil (FOSL) from $87.00 to $100.00. They have a “hold” rating on the company.
RBC Capital raised their price target on Helen of Troy (HELE) from $30.00 to $34.00. They have a “sector perform” rating on the company.
Brean Murray raised their price target on China Lodging Group (HTHT) from $22.00 to $26.00. They have a “buy” rating on the company.
RBC Capital raised their price target on International Flavors & Fragrances Inc. (IFF) from $68.00 to $71.00. They have an “outperform” rating on the company.
Barrington Research raised their price target on Illinois Tool Works Inc. (ITW) from $60.00 to $80.00. They have an “outperform” rating on the company.
The Benchmark Company raised their price target on Fossil (FOSL) from $87.00 to $100.00. They have a “hold” rating on the company.
RBC Capital raised their price target on Helen of Troy (HELE) from $30.00 to $34.00. They have a “sector perform” rating on the company.
Brean Murray raised their price target on China Lodging Group (HTHT) from $22.00 to $26.00. They have a “buy” rating on the company.
RBC Capital raised their price target on International Flavors & Fragrances Inc. (IFF) from $68.00 to $71.00. They have an “outperform” rating on the company.
Barrington Research raised their price target on Illinois Tool Works Inc. (ITW) from $60.00 to $80.00. They have an “outperform” rating on the company.
Monday, May 9, 2011
Dividends Declared: (GBL) (FIRT) (NRCI) (ITW) (B)
GAMCO Investors, Inc. (NYSE:GBL), First BancTrust Corporation (FIRT.PK), National Research Corp (NASDAQ:NRCI), Illinois Tool Works Inc (NYSE:ITW) and Barnes Group Inc (NYSE:B) declare dividends.
The Board of Directors of GAMCO Investors, Inc. (GBL) declared a quarterly common stock dividend of $0.04 per share payable 6/28/11 to shareholders of record at the close of business on 6/14/11.
The Board of Directors of First BancTrust Corporation (FIRT) declared a quarterly common stock dividend of $0.01 per share payable 6/14/11 to shareholders of record at the close of business on 6/1/11.
The Board of Directors of National Research Corp (NRCI) declared a quarterly common stock dividend of $0.22 per share payable 6/30/11 to shareholders of record at the close of business on 6/3/11.
The Board of Directors of Illinois Tool Works Inc (ITW) declared a quarterly common stock dividend of $0.34 per share payable 7/12/11 to shareholders of record at the close of business on 6/30/11.
The Board of Directors of Barnes Group Inc (B) declared a quarterly common stock dividend of $0.135 per share payable 6/10/11 to shareholders of record at the close of business on 5/31/11.
The Board of Directors of GAMCO Investors, Inc. (GBL) declared a quarterly common stock dividend of $0.04 per share payable 6/28/11 to shareholders of record at the close of business on 6/14/11.
The Board of Directors of First BancTrust Corporation (FIRT) declared a quarterly common stock dividend of $0.01 per share payable 6/14/11 to shareholders of record at the close of business on 6/1/11.
The Board of Directors of National Research Corp (NRCI) declared a quarterly common stock dividend of $0.22 per share payable 6/30/11 to shareholders of record at the close of business on 6/3/11.
The Board of Directors of Illinois Tool Works Inc (ITW) declared a quarterly common stock dividend of $0.34 per share payable 7/12/11 to shareholders of record at the close of business on 6/30/11.
The Board of Directors of Barnes Group Inc (B) declared a quarterly common stock dividend of $0.135 per share payable 6/10/11 to shareholders of record at the close of business on 5/31/11.
Monday, May 2, 2011
Dividend Winners (MJN) (MCO) (APA) (ITW) (LO) Last Week
Mead Johnson Nutrition (NYSE:MJN), Moody’s Corporation (NYSE:MCO), Apache Corporation (NYSE:APA), Illinois Tool Works Inc. (NYSE:ITW) and Lorillard Inc. (NYSE:LO) were among the biggest dividend winners last week.
Mead Johnson Nutrition (MJN) closed at $66.88, bringing the dividend to +9.96 percent on the week and the yield to 1.56.
Moody’s Corporation (MCO) closed at $39.14, bringing the dividend to +9.24 percent on the week and the yield to 1.43 percent.
Apache Corporation (APA) closed at $133.37, bringing the dividend to +8.15 percent on the week and the yield to 0.45 percent.
Illinois Tool Works Inc. (ITW) closed at $58.41, bringing the dividend to +8.03 percent on the week and and the yield to 2.33 percent.
Lorillard Inc. (LO) closed at $106.50, bringing the dividend to +7.35 percent on the week and the yield to 4.88 percent.
Mead Johnson Nutrition (MJN) closed at $66.88, bringing the dividend to +9.96 percent on the week and the yield to 1.56.
Moody’s Corporation (MCO) closed at $39.14, bringing the dividend to +9.24 percent on the week and the yield to 1.43 percent.
Apache Corporation (APA) closed at $133.37, bringing the dividend to +8.15 percent on the week and the yield to 0.45 percent.
Illinois Tool Works Inc. (ITW) closed at $58.41, bringing the dividend to +8.03 percent on the week and and the yield to 2.33 percent.
Lorillard Inc. (LO) closed at $106.50, bringing the dividend to +7.35 percent on the week and the yield to 4.88 percent.
Dividend Yields for (NOC) (GE) (ETN) (ITW) (EMR)
Indicated dividend yields for Standard & Poor's 500 Index companies Northrop Grumman Corp (NOC), General Electric (GE), Eaton (ETN), Illinois Tool Works Inc (ITW) and Emerson Electric Co (EMR).
These dividend data indicate dividend yields of companies in the Standard & Poor's 500 Index as of Saturday, April 30. The yield is determined by taking the latest declared dividend, annualized and divided by the price of the stock. Payout ratios are calculated based on latest quarterly dividend paid divided by earnings.
Northrop Grumman Corp (NOC) has a dividend yield of 3.14 percent on a declared dividend of $0.50. The payout ratio is 27.8.
General Electric Co (GE) has a dividend yield of 2.93 percent on a declared dividend of $0.15. The payout ratio is 44.5.
General Dynamics Corp (GD) has a dividend yield of 2.58 percent on a declared dividend of $0.47. The payout ratio is 28.3.
Eaton Corp (ETN) has a dividend yield of 2.54 percent on a declared dividend of $0.34. The payout ratio is 40.4.
Illinois Tool Works Inc (ITW) has a dividend yield of 2.33 percent on a declared dividend of $0.34. The payout ratio is 27.2.
Emerson Electric Co (EMR) has a dividend yield of 2.27 percent on a declared dividend of $0.34. The payout ratio is 54.4.
These dividend data indicate dividend yields of companies in the Standard & Poor's 500 Index as of Saturday, April 30. The yield is determined by taking the latest declared dividend, annualized and divided by the price of the stock. Payout ratios are calculated based on latest quarterly dividend paid divided by earnings.
Northrop Grumman Corp (NOC) has a dividend yield of 3.14 percent on a declared dividend of $0.50. The payout ratio is 27.8.
General Electric Co (GE) has a dividend yield of 2.93 percent on a declared dividend of $0.15. The payout ratio is 44.5.
General Dynamics Corp (GD) has a dividend yield of 2.58 percent on a declared dividend of $0.47. The payout ratio is 28.3.
Eaton Corp (ETN) has a dividend yield of 2.54 percent on a declared dividend of $0.34. The payout ratio is 40.4.
Illinois Tool Works Inc (ITW) has a dividend yield of 2.33 percent on a declared dividend of $0.34. The payout ratio is 27.2.
Emerson Electric Co (EMR) has a dividend yield of 2.27 percent on a declared dividend of $0.34. The payout ratio is 54.4.
Thursday, April 28, 2011
Cisco (CSCO) (ITW) (LIFE) (ROP) Get EPS Changes from Analysts
Cisco Systems, Inc. (NASDAQ: CSCO), Illinois Tool Works Inc. (NYSE: ITW), Life Technologies Corporation (NASDAQ: LIFE) Roper Industries Inc (NYSE: ROP) Get EPS Changes from Analysts
Bank of America (NYSE:BAC) cut its EPS estimates on Cisco Systems, Inc. (CSCO). They placed a price target of $22 on the company.
Goldman Sachs (NYSE:GS) boosted their EPS estimates on Illinois Tool Works Inc. (ITW). They have a “Neutral” rating and a price target of $63 on the firm.
Goldman Sachs lowered its EPS estimates on Life Technologies Corporation (LIFE). They have a “Neutral” rating and a price target of $52 on the stock.
Morgan Stanley (NYSE:MS) raised their EPS estimates on Roper Industries Inc (ROP). They have an “Equal Weight” rating and a price target of $88 on the company.
Bank of America (NYSE:BAC) cut its EPS estimates on Cisco Systems, Inc. (CSCO). They placed a price target of $22 on the company.
Goldman Sachs (NYSE:GS) boosted their EPS estimates on Illinois Tool Works Inc. (ITW). They have a “Neutral” rating and a price target of $63 on the firm.
Goldman Sachs lowered its EPS estimates on Life Technologies Corporation (LIFE). They have a “Neutral” rating and a price target of $52 on the stock.
Morgan Stanley (NYSE:MS) raised their EPS estimates on Roper Industries Inc (ROP). They have an “Equal Weight” rating and a price target of $88 on the company.
Friday, January 28, 2011
Universal Technologies (NYSE:UTX) Has Less Upside than Illinois Tool (NYSE:ITW), Tyco (NYSE:TYC), 3M (NYSE:MMM), Cooper (NYSE:CBE), WESCO (NYSE:WCC), SPX (NYSE:SPW), Actuant (NYSE:ATU)
Universal Technologies (NYSE:UTX) is strong on international exposure, which empowers it to leverage growth in emerging markets, but at this time FBR likes Illinois Tool (NYSE:ITW), Tyco (NYSE:TYC), 3M (NYSE:MMM), Cooper (NYSE:CBE), WESCO (NYSE:WCC), SPX (NYSE:SPW) and Actuant (NYSE:ATU), citing more upside to their price targets on them.
FBR says, "We continue to view UTC as better positioned relative to other late-cycle companies reflecting revenue visibility afforded by its 40% aftermarket exposure. We also like the company’s 53% international revenues, which help it leverage growth in emerging markets. However, we see greater upside to our price targets in Outperform-rated Illinois Tool (ITW), Tyco (TYC), 3M (MMM), Cooper Industries (CBE), WESCO ( WCC), SPX (NYSE: SPW), and Actuant (ATU). We are maintaining our 2011/2012 estimates and Market Perform rating on United Technologies with a 12-month price target of $83, representing 6% potential upside."
FBR Capital maintains a 'Market Perform' rating on Universal Technologies (UTX), which closed Thursday at $82.59, gaining $1.18, or 1.45 percent. FBR has a price target of $83 on UTX.
FBR says, "We continue to view UTC as better positioned relative to other late-cycle companies reflecting revenue visibility afforded by its 40% aftermarket exposure. We also like the company’s 53% international revenues, which help it leverage growth in emerging markets. However, we see greater upside to our price targets in Outperform-rated Illinois Tool (ITW), Tyco (TYC), 3M (MMM), Cooper Industries (CBE), WESCO ( WCC), SPX (NYSE: SPW), and Actuant (ATU). We are maintaining our 2011/2012 estimates and Market Perform rating on United Technologies with a 12-month price target of $83, representing 6% potential upside."
FBR Capital maintains a 'Market Perform' rating on Universal Technologies (UTX), which closed Thursday at $82.59, gaining $1.18, or 1.45 percent. FBR has a price target of $83 on UTX.
Friday, December 17, 2010
Danaher (NYSE:DHR) 2001 EPS Guidance Below Consensus
Danaher (NYSE:DHR) revealed at a meeting in New York that its EPS guidance for 2011 would come in lower than consensus.
FBR said, "At its well-attended outlook meeting in New York, as expected, Danaher provided 2011 EPS guidance that came in modestly below consensus at midpoint...We also see the resegmenting of the businesses as a positive, increasing visibility into underlying operating and earnings trends. We continue to like Danaher’s execution on organic growth through share gains and new product innovations. Portfolio mix and solid balance sheet and cash flow add to the shares defensive appeal. We have a constructive bias on the shares but maintain our Market Perform rating for now, as we see greater upside to our price targets in Outperform-rated Actuant (NYSE:ATU), Cooper (NYSE:CBE), SPX (NYSE:SPW), WESCO (NYSE:WCC), Illinois Tool Works (NYSE:ITW), 3M (NYSE:MMM), and Tyco (NYSE:TYC)."
FBR Capital maintains a "Market Perform" rating on Danaher, which closed Thursday at $46.79, up $0.88, or 1.92 percent. FBR has a price target on them of $50.
FBR said, "At its well-attended outlook meeting in New York, as expected, Danaher provided 2011 EPS guidance that came in modestly below consensus at midpoint...We also see the resegmenting of the businesses as a positive, increasing visibility into underlying operating and earnings trends. We continue to like Danaher’s execution on organic growth through share gains and new product innovations. Portfolio mix and solid balance sheet and cash flow add to the shares defensive appeal. We have a constructive bias on the shares but maintain our Market Perform rating for now, as we see greater upside to our price targets in Outperform-rated Actuant (NYSE:ATU), Cooper (NYSE:CBE), SPX (NYSE:SPW), WESCO (NYSE:WCC), Illinois Tool Works (NYSE:ITW), 3M (NYSE:MMM), and Tyco (NYSE:TYC)."
FBR Capital maintains a "Market Perform" rating on Danaher, which closed Thursday at $46.79, up $0.88, or 1.92 percent. FBR has a price target on them of $50.
Thursday, December 16, 2010
Honeywell's (NYSE:HON) Cash Flow, Strong Balance Sheet, Offer Flexibility
Honeywell International (NYSE:HON) gave its EPS estimate guidance, and it came in at a range of $3.50 to $3.70; in line with expectations says FBR Capital.
"Honeywell’s 2011 EPS guidance of $3.50–$3.70 came mostly in line with our expectations and was broadly consistent with the preliminary framework provided with 3Q earnings a few weeks ago...With regard to the shares, we like Honeywell’s improving late-cycle mix in commercial aero and the company’s solid balance sheet and cash flow provide it with flexibility for acquisitions. However, we see greater upside potential to our price targets in Outperform-rated Atuant (NYSE:ATU), WESCO (NYSE:WCC), Cooper (NYSE:CBE), SPX (NYSE:SPW), Illinois Tool (NYSE:ITW), 3M (NYSE:MMM), and Tyco (NYSE:TYC) and remain on the sidelines for now," said FBR.
FBR Capital maintains a "Market Perform" rating on Honeywell, which was trading at $52.77, up $1.23, or 2.39 percent, as of 11:44 AM EST. They have a price target of $57 on them.
"Honeywell’s 2011 EPS guidance of $3.50–$3.70 came mostly in line with our expectations and was broadly consistent with the preliminary framework provided with 3Q earnings a few weeks ago...With regard to the shares, we like Honeywell’s improving late-cycle mix in commercial aero and the company’s solid balance sheet and cash flow provide it with flexibility for acquisitions. However, we see greater upside potential to our price targets in Outperform-rated Atuant (NYSE:ATU), WESCO (NYSE:WCC), Cooper (NYSE:CBE), SPX (NYSE:SPW), Illinois Tool (NYSE:ITW), 3M (NYSE:MMM), and Tyco (NYSE:TYC) and remain on the sidelines for now," said FBR.
FBR Capital maintains a "Market Perform" rating on Honeywell, which was trading at $52.77, up $1.23, or 2.39 percent, as of 11:44 AM EST. They have a price target of $57 on them.
Tuesday, December 7, 2010
Illinois Tool Works (NYSE:ITW) Margins Outlook Increases EPS Estimates
EPS estimates for Illinois Tool Works (NYSE:ITW) were lifted by FBR Capital on guidance from the company their margins on total revenue growth were higher than anticipated.
FBR said, "We are raising our 2010/2011/2012 estimates from $3.08/$3.55/$4.00 to $3.10/$3.85/$4.40 and raising our price target to $62 following upbeat outlook commentary at ITW’s annual outlook meeting Friday. Key positive surprises included 2011 expectations for 30%–35% incremental margins on total revenue growth (5%–7% organic and acquisitions) or significantly above our low-20s expectation, reflecting continued benefit from cost-cutting and volume leverage."
FBR maintains their "Outperform" rating on Illinois Tool Works, which closed Monday at $50.23, down $0.18, or 0.36 percent. They raised their price target on them to $62.
Volume for the day was up more than 25 percent over the daily 3-month average.
FBR said, "We are raising our 2010/2011/2012 estimates from $3.08/$3.55/$4.00 to $3.10/$3.85/$4.40 and raising our price target to $62 following upbeat outlook commentary at ITW’s annual outlook meeting Friday. Key positive surprises included 2011 expectations for 30%–35% incremental margins on total revenue growth (5%–7% organic and acquisitions) or significantly above our low-20s expectation, reflecting continued benefit from cost-cutting and volume leverage."
FBR maintains their "Outperform" rating on Illinois Tool Works, which closed Monday at $50.23, down $0.18, or 0.36 percent. They raised their price target on them to $62.
Volume for the day was up more than 25 percent over the daily 3-month average.
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