We should hope for more downgrades from ITW analysts - we know how they operate (they buy when they say sell and vice versa). Lots of good news from the auto industry which is a significant part of ITW's business portfolio.
Speaking of downgrades did you notice yesterday that Goldman Sachs downgraded 3M and Emerson Electric. BUT at the same time they RAISED their target price on both stocks. 3M from 82 to 87 and EMR from 51 to 54. Go figure.