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Fly News Breaks for January 26, 2017
GWW
Jan 26, 2017 | 09:27 EDT
Stephens analyst Matt Duncan raised his price target for Grainger to $265 from $248 after the company delivered "strong" Q4 results that came in ahead of consensus expectations for both sales and PF EPS as sales trends accelerated through December. The analyst believes the company is making moves in the right direction for profitable growth and market share gains down the road, but continues to see challenges in the business. He reiterates an Equal Weight on the shares.
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