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Fly News Breaks for December 6, 2016
ITW
Dec 6, 2016 | 07:21 EDT
After attending Illinois Tool Works investor day, BMO Capital analyst Joel Tiss said he is comfortable with his 2017 EPS estimate of $6.20, but raised his 2018 estimate to $6.85, noting that management believes it can step revenue growth up to 3%-plus next year even if end markets remain flat. Tiss raised his price target on the stock to $145 from $120 and keeps an Outperform rating on Illinois Tool Works shares.
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