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Fly News Breaks for April 20, 2018
GWW
Apr 20, 2018 | 07:23 EDT
RBC Capital analyst Deane Dray raised his price target on Grainger to $221 after the company's Q1 earnings beat and raised FY18 guidance. The analyst adds that while the first half of 2018 should see "easy comps" due to Grainger's discounting strategy, the second half comps should get "much tougher" and earnings growth will likely slow. Dray keeps his Underperform rating on Grainger.
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