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GGG

Graco

$72.49

1.11 (1.56%)

16:12
10/19/16
10/19
16:12
10/19/16
16:12

Graco backs FY16 revenue growth view low single digits, consensus $1.32B

"We are holding to our outlook of low single-digit sales growth for Graco worldwide for the full year 2016," said president and CEO Patrick McHale. "Our Industrial segment continues to experience a spotty environment for capital equipment spending worldwide, with ongoing weakness most notable in the Americas region. Construction activity remains solid in the EMEA and Americas regions. While our Process segment saw modest growth sequentially in the third quarter, we are cautious about ongoing headwinds. Regionally, we anticipate the Americas region will finish the full year 2016 flat compared with the prior year, below our prior outlook of low single-digit growth. In the EMEA region, we reiterate our low-to-mid single-digit growth expectations for the full year. Our outlook for the Asia Pacific region continues to be low single-digit growth for 2016. The fourth quarter of 2015 was our highest growth quarter of the year, with 6 percent growth on an organic, constant currency basis, providing a difficult comparable for our last quarter of the year."

  • 20

    Oct

GGG Graco
$72.49

1.11 (1.56%)

05/25/16
05/25/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. ON Semiconductor (ON) initiated with an Outperform at CLSA. 2. Skyworks (SWKS) initiated with an Underperform at CLSA. 3. Qorvo (QRVO) initiated with an Underperform at CLSA. 4. Graco (GGG) initiated with a Sector Weight at KeyBanc. 5. CF Industries (CF) coverage resumed with an Equal Weight at Morgan Stanley. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/21/16
WBLR
07/21/16
DOWNGRADE
WBLR
Market Perform
Graco downgraded to Market Perform from Outperform at William Blair
William Blair analyst Nicholas Heymann downgraded Graco to Market Perform with a $78 price target citing the company's transition after it cut its FY16 organic growth view.
07/21/16
07/21/16
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. Navient (NAVI) downgraded to Neutral from Buy at Goldman with analyst Eric Beardsley saying the risk/reward is more balanced at current share levels. 2. Ericsson (ERIC) downgraded to Neutral from Buy at UBS with the firm citing a lack of revenue stabilization in the second quarter and little management commentary stating it would change. 3. Graco (GGG) downgraded to Market Perform from Outperform at William Blair with analyst Nicholas Heymann citing the company's transition after it cut its fiscal 2016 organic growth view. 4. ASML (ASML) downgraded to Neutral from Buy at UBS with analyst Gareth Jenkins stating he thinks ASML shares are now discounting some of the recent positive developments on EUV lithography following a 28% rally since January. 5. Boardwalk Pipeline (BWP) downgraded to Neutral from Buy at Ladenburg. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/06/16
DBAB
09/06/16
INITIATION
Target $83
DBAB
Hold
Graco initiated with a Hold at Deutsche Bank
Target $83.

TODAY'S FREE FLY STORIES

NXTM

NxStage Medical

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0.13 (0.56%)

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ULTI

Ultimate Software

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-0.25 (-0.11%)

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CRM

Salesforce

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EVBG

Everbridge

$24.66

-0.3 (-1.20%)

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RNG

RingCentral

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WK

Workiva

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HUBS

HubSpot

$68.20

-0.7 (-1.02%)

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HUBS

HubSpot

$68.20

-0.7 (-1.02%)

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QTWO

Q2 Holdings

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Initiation
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INST

Instructure

$29.55

0.4 (1.37%)

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MANH

Manhattan Associates

20:55
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Initiation
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PCTY

Paylocity

$47.39

-1.65 (-3.36%)

20:55
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SHOP

Shopify

$92.04

-2.44 (-2.58%)

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LH

LabCorp

$152.30

0.68 (0.45%)

20:10
06/26/17
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20:10
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LabCorp rating change at KeyBanc »

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ATXI

Avenue Therapeutics

20:06
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Syndicate
Avenue Therapeutics 5.5M share IPO priced at $6.00 »

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  • 27

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NXPI

NXP Semiconductors

$109.73

-0.25 (-0.23%)

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PDCE

PDC Energy

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MRIN

Marin Software

$1.18

0.025 (2.17%)

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GM

General Motors

$34.52

0.32 (0.94%)

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Earnings
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GM

General Motors

$34.52

0.32 (0.94%)

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  • 26

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BLKB

Blackbaud

$89.25

-0.25 (-0.28%)

, CST

CST Brands

$48.54

0.18 (0.37%)

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BLKB

Blackbaud

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CST

CST Brands

$48.54

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NSA

National Storage

$22.63

0.22 (0.98%)

ANCUF

Alimentation Couche-Tard

$48.08

1.9887 (4.31%)

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GM

General Motors

$34.52

0.32 (0.94%)

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  • 26

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WMT

Wal-Mart

$75.50

0.66 (0.88%)

18:43
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Periodicals
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