Citi reports Illinois Tool Works ITW is trending higher than Citi's estimates.
In a note to clients, Citi writes, "Buy-rated ITW reported Nov three-month base revenue growth of 9%, down slightly from +11% in 3Q10 but slightly ahead of our 4Q10 estimate for 7.4% (including expectations for Dec growth to be slower than Sept based on a tougher comp)."
ITW is trading at $50.84.
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Posted In: Analyst ColorPrice TargetAnalyst RatingsCitiillinois tool worksIndustrial MachineryIndustrials
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