Illinois Tool Works Inc. ITW hosted its 2017 investors day Dec. 1 and projected 8-10 percent earnings per share growth each year. The Analyst Bank of America Merrill Lynch's Ross Gilardi initiated coverage of Illinois Tool Works with a Buy and $190 price target. The Thesis The price target is based on 24.5 times 2019 price-to-earnings, implying a 2-percent dividend yield, Gilardi said. SourceSome consolidation is possible. $ITW, Illinois Tool Works Inc. / D