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Fly News Breaks for September 3, 2015
ITW
Sep 3, 2015 | 06:54 EDT
Goldman upgraded Illinois Tool Works to Buy and lowered its price target to $99 from $101. The firm views Illinois Tool Works' valuation as compelling and earnings will be more resilient than investors believe. Goldman believes the company's margin story still has room to expand driven by improved sourcing, amortization roll-off, product line simplification, and cost efficiencies.
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