Illinois Tool seems on track for middle, upper end of guidance,says Wells Fargo
After meeting with Illinois Tool Works' management, Wells Fargo believes the company's Q4 is trending towards the middle or upper end of the company's guidance. While the firm thinks the company's 2010 outlook could cause short-term volatility in the shares, Wells Fargo likes the company's long-term direction and it maintains an Outperform rating. :theflyonthewall.com
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Illinois Tool Works added to Strategic Buy List at UBS
UBS added Illinois Tool Works (ITW) to its Strategic Buy List given valuation and exposure to the global rebound in manufacturing. :theflyonthewall.com