Illinois Tool Works price target raised to $224 from $215 at Barclays

Barclays raised the firm’s price target on Illinois Tool Works to $224 from $215 and keeps an Underweight rating on the shares following the Q4 report. The analyst continues to think the company is very well-managed, “and doesn’t do silly things with its cash.” However, Illinois Tool offers less potential in terms earnings growth, positive estimate revisions and valuation multiple expansion than peers, the analyst tells investors in a research note.