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Fly News Breaks for April 20, 2018
GWW
Apr 20, 2018 | 09:41 EDT
BMO Capital analyst James Fotheringham raised his price target on Grainger to $255 but kept his Market Perform rating. The analyst says Q1 earnings rose 45%, though excluding the one-time items, the growth rate was 22%. While the company's gross margins remain weak, Fotheringham is generally positive on Grainger's improved sales mix, savings from restructuring, and execution-driven rise in operating leverage.
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