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Fly News Breaks for July 21, 2016
ITW
Jul 21, 2016 | 08:41 EDT
After Illinois Tool reported stronger than expected Q2 results, Argus believes that the company's sales are on track to grow by low single digit percentage levels over the long-term. The firm thinks that the company's EPS could grow by low double digit percentage levels, as it believes that the bottom line could be boosted by a rebound in U.S. and global economic growth. Argus keeps a Buy rating on the stock.
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