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Fly News Breaks for May 18, 2017
GWW
May 18, 2017 | 06:41 EDT
Deutsche Bank analyst John Inch downgraded Grainger to Sell and cut his price target for the shares to $145 from $246. The company is "positioned to quickly lose share" as competitors respond with price cuts of their own, Inch tells investors in a research note. He does not expect Grainger to realize sustained volume improvement to offset the negative impact of its price cuts.
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