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GWW

Grainger

$214.58

0.37 (0.17%)

07:39
10/18/16
10/18
07:39
10/18/16
07:39

Grainger reports daily sales up 3% in July, up 4% in August, flat in September

Grainger reports company sales for the quarter increased 3%. Daily sales performance by month was as follows: up 3% in July, up 4% in August and flat in September. Excluding the Cromwell acquisition in the first two months of the quarter, sales performance by month was down 1% in July, up 1% in August and flat in September. Results for the quarter included 2 percentage points from the Cromwell acquisition, which was anniversaried on September 1, and 1 percentage point contribution from foreign exchange. Excluding acquisitions and foreign exchange, organic sales were flat consisting of a 1 percentage point contribution from sales of seasonal products offset by a 1 percentage point decline in price.

  • 14

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    Nov

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    Nov

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    Nov

  • 18

    Nov

GWW Grainger
$214.58

0.37 (0.17%)

09/08/16
GSCO
09/08/16
NO CHANGE
GSCO
Goldman's Focus List changes
Goldman added Acuity Brands (AYI) & Facebook (FB) to the Focus List and removed Biogen (BIIB), BorgWarner (BWA), Monsanto (MON), and Grainger (GWW). The bank commented Acuity is a beneficiary of the Low Carbon Economy and said Facebook ranks as a low asset-light tech disruptor that is able to leverage its world-leading user base and mobile users to monetize long-term growth.
08/25/16
MACQ
08/25/16
INITIATION
Target $274
MACQ
Outperform
Grainger initiated with an Outperform at Macquarie
Macquarie analyst Hamzah Mazari initiated Grainger with an Outperform and $274 price target.
06/17/16
06/17/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Phillips 66 (PSX) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Evan Calo citing relative share outperformance year-to-date. 2. Grainger (GWW) downgraded to Neutral from Outperform at Credit Suisse with analyst Andrew Buscaglia citing margin pressures and weak pricing in the U.S. 3. Talen Energy (TLN) downgraded to Equal Weight from Overweight at Barclays with analyst Daniel Ford citing valuation, among other reasons. 4. MSC Industrial (MSM) downgraded to Underperform from Neutral at Credit Suisse with analyst Andrew Buscaglia saying stabilizing trends are largely priced in. 5. ONEOK (OKE) downgraded to Hold from Buy at Argus with analyst Stephen Bigger citing the strong run-up in shares. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/17/16
FBCO
06/17/16
DOWNGRADE
FBCO
Neutral
Grainger downgraded to Neutral from Outperform at Credit Suisse
Credit Suisse analyst Andrew Buscaglia assumed coverage on Grainger with a Neutral rating from an Outperform rating citing margin pressures and weak pricing in the U.S. Buscaglia has a $222 price target on Grainger shares.

TODAY'S FREE FLY STORIES

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General news
U.S. consumer credit rose $16.0 B in October »

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COST

Costco

$151.01

-0.76 (-0.50%)

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Costco options imply 4.3% move in share price post-earnings, above median historical move »

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CMCO

Columbus McKinnon

$27.59

1.07 (4.03%)

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  • 07

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OTTR

Otter Tail

$38.90

0.1 (0.26%)

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Otter Tail initiated  »

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15:01
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General news
Consumer Credit data reported »

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WDC

Western Digital

$63.85

1.76 (2.83%)

15:00
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Western Digital calls active as shares surge »

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CMCO

Columbus McKinnon

$27.59

1.07 (4.03%)

14:59
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  • 07

    Dec

HON

Honeywell

$116.25

3.18 (2.81%)

14:58
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Trian declines to comment as Honeywell hits high of day »

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  • 16

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HRB

H&R Block

$23.42

0.73 (3.22%)

14:55
12/07/16
12/07
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14:55
Technical Analysis
H&R Block technical comments ahead of earnings news »

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  • 07

    Dec

APO

Apollo Global

$19.99

0.71 (3.68%)

, CS

Credit Suisse

$15.46

0.77 (5.24%)

14:54
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12/07
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14:54
Periodicals
Apollo-backed Warrior working with lenders on IPO for next year, Bloomberg says »

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APO

Apollo Global

$19.99

0.71 (3.68%)

CS

Credit Suisse

$15.46

0.77 (5.24%)

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  • 07

    Dec

  • 07

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  • 07

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  • 14

    Dec

14:50
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14:50
General news
Canada Capacity Utilization Preview »

Canada Capacity…

LULU

lululemon

$57.24

0.12 (0.21%)

14:49
12/07/16
12/07
14:49
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14:49
Options
lululemon options imply 14.0% move in share price post-earnings, above median historical move »

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  • 07

    Dec

  • 09

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14:45
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General news
Canada Housing Starts Preview »

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General news
Consumer Credit to be reported at 15:00 »

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General news
Breaking General news story  »

November Treasury STRIPS…

ATSG

Air Transport Services

$16.32

0.02 (0.12%)

14:42
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Hot Stocks
Air Transport Services says preliminary injunction granted in labor matter »

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AGN

Allergan

$190.01

-0.935 (-0.49%)

14:42
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Allergan CEO: Drug industry should self-regulate pricing »

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  • 07

    Dec

  • 08

    Dec

COST

Costco

$151.01

-0.76 (-0.50%)

, HRB

H&R Block

$23.44

0.75 (3.31%)

14:40
12/07/16
12/07
14:40
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14:40
Earnings
Notable companies reporting after market close »

Notable companies…

COST

Costco

$151.01

-0.76 (-0.50%)

HRB

H&R Block

$23.44

0.75 (3.31%)

LULU

lululemon

$57.24

0.12 (0.21%)

CAS

A. M. Castle

UNFI

United Natural Foods

$48.66

-0.7 (-1.42%)

VRNT

Verint

$38.20

0.15 (0.39%)

OLLI

Ollie's Bargain Outlet

$31.50

0.05 (0.16%)

TLRD

Tailored Brands

$18.89

0.58 (3.17%)

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  • 07

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  • 07

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  • 07

    Dec

  • 07

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    Dec

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  • 13

    Dec

  • 15

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  • 09

    Jan

  • 09

    Jan

HLT

Hilton

$26.81

0.495 (1.88%)

14:40
12/07/16
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14:40
Options
Heightened call activity in Hilton everyday so far in December »

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  • 08

    Dec

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TST

TheStreet

14:36
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Initiation
TheStreet initiated  »

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  • 07

    Dec

SYK

Stryker

$112.97

0.38 (0.34%)

14:34
12/07/16
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14:34
Hot Stocks
Stryker raises quarterly dividend to 42.5c per share »

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  • 12

    Dec

VNCE

Vince Holding

$4.28

0.075 (1.79%)

14:30
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14:30
Earnings
Notable companies reporting before tomorrow's open »

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  • 08

    Dec

  • 09

    Jan

CMA

Comerica

$67.49

-0.2 (-0.30%)

14:30
12/07/16
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14:30
Periodicals
Comerica moves higher as company alleged to 'warm' to possible sale »

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  • 17

    Jan

CX

CEMEX

$8.42

0.205 (2.50%)

14:25
12/07/16
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14:25
Options
Cemex call volume above normal and directionally bullish »

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14:25
12/07/16
12/07
14:25
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14:25
Conference/Events
Senate Commerce, Science & Transportation Committee to hold a hearing »

The Subcommittee on…

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