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GWW

Grainger

$205.86

-8.72 (-4.06%)

08:22
10/19/16
10/19
08:22
10/19/16
08:22

Grainger gross margin decline is cyclical, says BMO Capital

BMO Capital analyst R. Scott Graham believes that Grainger's stock fell 5% primarily due to the decline in its gross margin. The analyst thinks that bears will blame the gross margin decline on Internet competition and Amazon (AMZN). However, Graham believes that low commodity prices are to blame, and he expects the company's margins to stabilize next year, enabling its bottom line to increase. The analyst keeps an Outperform rating on the shares.

  • 14

    Nov

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    Nov

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    Nov

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    Nov

  • 18

    Nov

GWW Grainger
$205.86

-8.72 (-4.06%)

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.
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.
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.
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.

TODAY'S FREE FLY STORIES

NUVA

NuVasive

$76.94

0.59 (0.77%)

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  • 18

    May

FB

Facebook

$146.49

1.02 (0.70%)

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Thai man kills child, self on Facebook Live, AP reports »

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  • 03

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TECK

Teck Resources

$21.26

-0.7 (-3.19%)

05:58
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Teck Resources raises dividend, announces dividend policy »

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MPW

Medical Properties Trust

$13.84

0.03 (0.22%)

05:56
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Syndicate
Medical Properties Trust 37.5M share Spot Secondary priced at $13.25 »

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CRAY

Cray

$19.15

-0.25 (-1.29%)

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  • 02

    May

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ISRG

Intuitive Surgical

$827.24

5.06 (0.62%)

05:54
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Intuitive Surgical receives CE Mark for new da VinciX Surgical System »

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BTU

Peabody Energy

$26.10

-0.29 (-1.10%)

05:54
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Upgrade
Peabody Energy rating change  »

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  • 04

    May

AUDC

AudioCodes

$6.62

0.11 (1.69%)

05:51
04/26/17
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Earnings
AudioCodes reports Q1 EPS 7c, consensus 7c »

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CREE

Cree

$24.82

0.07 (0.28%)

05:51
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05:51
Downgrade
Cree rating change  »

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  • 09

    May

BIG

Big Lots

$49.57

-0.36 (-0.72%)

05:49
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Upgrade
Big Lots rating change  »

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APTI

Apptio

$12.80

0.09 (0.71%)

05:48
04/26/17
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Upgrade
Apptio rating change  »

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  • 04

    May

NORD

Nord Anglia

$32.82

5.2 (18.83%)

05:46
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05:46
Downgrade
Nord Anglia rating change  »

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  • 27

    Apr

AKS

AK Steel

$6.40

-0.72 (-10.11%)

05:44
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AK Steel analyst commentary  »

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  • 25

    May

CMG

Chipotle

$471.76

2.97 (0.63%)

05:43
04/26/17
04/26
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Downgrade
Chipotle rating change  »

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SHOP

Shopify

$76.65

0.82 (1.08%)

05:43
04/26/17
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Downgrade
Shopify rating change  »

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  • 02

    May

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ALGT

Allegiant Travel

$163.85

-1.2 (-0.73%)

05:40
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Allegiant Travel rating change  »

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DYN

Dynegy

$6.19

-0.11 (-1.75%)

05:37
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Upgrade
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  • 05

    May

RSPP

RSP Permian

$38.69

1.32 (3.53%)

05:33
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RSP Permian initiated  »

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  • 03

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CPE

Callon Petroleum

$12.24

0.39 (3.29%)

05:32
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Callon Petroleum initiated  »

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  • 03

    May

LOGI

Logitech

$31.79

0.99 (3.21%)

05:32
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Earnings
Logitech backs FY18 outlook of high single-digit retail sales growth »

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  • 26

    Apr

FSNN

Fusion Telecommunications

$1.43

0.01 (0.70%)

05:31
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Initiation
Fusion Telecommunications initiated  »

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  • 30

    May

LOGI

Logitech

$31.79

0.99 (3.21%)

05:30
04/26/17
04/26
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05:30
Earnings
Logitech reports Q4 EPS 15c, consensus 17c »

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  • 26

    Apr

SKYAY

Sky

$50.26

0.05 (0.10%)

05:29
04/26/17
04/26
05:29
04/26/17
05:29
Upgrade
Sky rating change  »

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WFC

Wells Fargo

$54.56

0.91 (1.70%)

05:26
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Hot Stocks
Wells Fargo issues statement in response to CA State Treasurer John Chiang »

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  • 11

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    Jul

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  • 15

    Jan

KLRE

KLR Energy Acquisition

$10.55

0.1384 (1.33%)

04:55
04/26/17
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Conference/Events
KLR Energy Acquisition to host special shareholder meeting »

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  • 26

    Apr

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