Illinois Tool Works (ITW +1.2%) gets a lift from an upgrade by JPMorgan to Overweight. The firm...


Illinois Tool Works (ITW +1.2%) gets a lift from an upgrade by JPMorgan to Overweight. The firm says ITW is committed to overhauling the diversified manufacturer's business portfolio. The company's performance has been weighed down by too many slow-growing businesses and a highly decentralized corporate structure, and recent activist moves to restructure its business indicate the company is making tangible moves to reinvent itself.
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