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Fly News Breaks for October 18, 2018
ITW
Oct 18, 2018 | 08:22 EDT
Wells Fargo analyst Andrew Casey lowered his price target for Illinois Tool Works to $150 from $160 saying he believes the stock could also see near-term volatility/downside risk as he expects a slight Q3 miss and recalibration down for out-year earnings. Nonetheless, Casey thinks Illinois Tool Works is close to a sentiment shift that could drive better relative performance. The analyst reiterates an Outperform rating on the shares.
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