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Fly News Breaks for June 1, 2017
ITW
Jun 1, 2017 | 05:19 EDT
Goldman Sachs analyst Joe Ritchie double upgraded Illinois Tool Works to Buy from Sell and raised his price target for the shares to $155 from $131. The analyst sees upside to consensus estimates for 2017 and 2018 amid improving growth. The stock's relative premium valuation is likely sustained as investors rotate into higher quality cyclicals, Ritchie tells investors in a research note.
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ITW
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