Illinois Tool Works "outperform"

05/17/05 - Wachovia Securities

NEW YORK, May 17 (newratings.com) - Analysts at Wachovia Securities maintain their "outperform" rating on Illinois Tool Works Inc (ITW).

In a research note published this morning, the analysts mention that the company posted flat core revenues on a y/y basis for the three month period ending April 30. Illinois Tool Works witnessed tough comps during the period, the analysts say. The company has reiterated its EPS guidance for 2Q and 2005 at $1.30-$1.36 and $5.06-$5.20, respectively.