Argus keeps a Buy rating on Illinois Tool Works (ITW) with a price target of $295. The company has been able to expand margins in six of its seven segments despite the soft market demand, the analyst tells investors in a research note. Illinois Tool Works also appears to be on track to deliver low single-digit sales growth over the long term, while its focus on innovation will help it drive revenue and gain market share in the future, Argus adds.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
