UPDATE: Barrington Research Reiterates Outperform Rating, Raises PT on Illinois Tool Works

In a report published Friday, Barrington Research reiterated its Outperform rating on Illinois Tool Works (NYSE: ITW ), and raised its price target from $66.00 to $70.00. Barrington noted, “We maintain our OUTPERFORM rating prior to ITW's long awaited 2012 NYC Analyst Day. Since 2011, ITW's management has been discussing