Illinois Tool Works "overweight"

05/17/05 - Prudential Financial

NEW YORK, May 17 (newratings.com) - Analyst Andrew M Casey of Prudential Financial reiterates his "overweight" rating on Illinois Tool Works Inc (ITW). The target price is set to $105.

In a research note published yesterday, the analyst mentions that the company posted disappointing revenue trends in April. Illinois Tool Works has reaffirmed its 2Q05 EPS guidance of $1.30-$1.36. The company is expected to benefit from a recovery in the late-cycle markets and improved price realizations net of cost in the near term, Prudential Financial adds.