Safeway Inc. (NYSE:SWY): Morgan Stanley believes Safeway could report a disappointing Q4 report. Shares are Equal Weight rated.

Illinois Tool Works Inc (NYSE:ITW): Wells Fargo expects Illinois Tool Works’ EBIT margin improvement – which the firm says began in Q4 -to spark increased interest by investors in the stock. The firm views the stock as inexpensive, and raised its valuation range on the name to $58-$60 from $52-$54 while maintaining an Outperform rating.

Seagate Technology.(NASDAQ:STX): Needham raised its estimates and price target for Seagate following the company’s better than expected Q2 results and reiterates a Strong Buy rating on the stock. Baird raised its price target on Seagate following Q2 results. The firm cited higher Q3 guidance and Q4 outlook, its plans to return cash to shareholders, and continued supply constraints. Shares are Outperform rated.

Polypore International Inc.(NYSE:PPO): Baird said yesterday’s sell-off in Polypore was an over reaction to the announcement of a new entrant into the lithium ion separator market. The firm said Polypore is in the midst of tripling its capacity which will position it to shift its capacity relative to demand or to another customer and therefore believes it is premature to forecast margin degradation. Shares remain Outperform rated with a $49 price target.

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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