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GWW

Grainger

$305.21

2.22 (0.73%)

08:05
07/18/18
07/18
08:05
07/18/18
08:05

Grainger CEO says 'The second quarter exceeded our expectations'

"The second quarter exceeded our expectations, with strong growth from U.S. large and medium customers, gross profit that was better than anticipated and meaningful operating expense leverage. We continue to gain share across both large and medium customers and acquire medium customers amid a strong economy. In Canada, we are on schedule with the business turnaround. And the single channel and international businesses also improved operating performance," said DG Macpherson, Chairman and CEO. "Based on our performance and momentum, we are raising our sales and earnings per share guidance for the year."

  • 18

    Jul

GWW Grainger
$305.21

2.22 (0.73%)

07/03/18
BARD
07/03/18
DOWNGRADE
BARD
Baird downgrades industrial and building distributors as cyclical risks rise
As previously reported, Baird analyst David Manthey downgraded several industrial supply distributors and building products distributors based on elevated later-cycle risks. The analyst thinks the cycle and individual company results could remain solid for quarters or years to come, but he believes the cycle is in its later stages, thereby elevating risks to gross margins, rising labor costs, and earnings deceleration in 2019. Manthey downgraded Watsco (WSO), SiteOne Landscape (SITE), Pool (POOL), Fastenal (FAST), BMC Stock Holdings (BMCH), Grainger (GWW) and GMS (GMS), all to Neutral from Outperform. He lowered his price target on Grainger to $318 from $327 and also lowered his price target on Beacon Roofing (BECN) to $59 from $68. However, Manthey said Beacon, on which he kept an Outperform rating, remains a Fresh Pick and his top tactical idea.
07/03/18
07/03/18
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. United Continental (UAL), American Airlines (AAL), and Delta Airlines (DAL) downgraded to Hold from Buy at Deutsche Bank with analyst Michael Linenberg saying in a world of "heightened" macroeconomic and geopolitical risks, economically-sensitive, high beta stocks such as airlines typically underperform the broader market. 2. Belmond (BEL) downgraded to Underweight from Overweight at Barclays with analyst Felicia Hendrix citing an analysis of the company's progress on its growth targets announced back in June 2016. 3. PSEG (PEG) downgraded to Hold from Buy at Deutsche Bank with analyst Jonathan Arnold saying The Federal Energy Regulatory Commission order raised new questions over New Jersey zero-emission credits. 4. PepsiCo (PEP) downgraded to Hold from Buy at Deutsche Bank with analyst Stephen Powers viewing the current valuation as a "bit bubbly." 5. Watsco (WSO), Fastenal (FAST), and Grainger (GWW) downgraded to Neutral from Outperform at Baird with analyst David Manthey saying he thinks the cycle and individual company results could remain solid for quarters or years to come, but he believes the cycle is in its later stages, thereby elevating risks to gross margins, rising labor costs, and earnings deceleration in 2019. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/06/18
BMOC
07/06/18
NO CHANGE
Target $267
BMOC
Market Perform
Grainger price target raised to $267 from $255 at BMO Capital
BMO Capital analyst R. Scott Graham raised his price target on Grainger to $267 and kept his Market Perform rating as part of his broader research note previewing Q2 earnings for Industrial Distribution stocks. Graham says he has increased his multiple assumptions for Grainger to reflect the sector's more constructive environment, but also sees the company's gross margins compressing about 80bps because of "price-down actions and higher product supply and freight costs".
07/16/18
GABE
07/16/18
DOWNGRADE
GABE
Hold
Grainger downgraded to Hold from Buy at Gabelli
Gabelli analyst Justin Bergner downgrades Grainger to Hold with a $386 private market value telling investors he is concerned margins may peak in 2019 for the US segment for for MRO distribution as a whole.

TODAY'S FREE FLY STORIES

ATTO

Atento

$5.96

0.075 (1.28%)

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VKTX

Viking Therapeutics

$11.73

-0.605 (-4.91%)

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KEX

Kirby

$74.20

-1.83 (-2.41%)

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HUYA

Huya

$18.50

-0.5 (-2.63%)

, MFIN

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$6.80

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MFIN

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EB

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YRD

Yirendai

$15.47

-1.75 (-10.16%)

KRNT

Kornit Digital

$19.15

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MHLD

Maiden Holdings

$2.40

-1.12 (-31.82%)

SAGE

Sage Therapeutics

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OMAB

OMA Airports

$40.18

0.41 (1.03%)

18:18
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OMA Airports names Ricardo Duenas as new CEO »

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TEUM

Pareteum

$2.13

-0.09 (-4.05%)

, IPAS

iPass

$1.14

(0.00%)

18:03
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Hot Stocks
Pareteum to acquire iPass in all-stock transaction »

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TEUM

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$2.13

-0.09 (-4.05%)

IPAS

iPass

$1.14

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  • 14

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NINE

Nine Energy Services

$33.58

-1.6 (-4.55%)

18:01
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Earnings
Nine Energy Service reports Q3 EPS 56c, consensus 56c »

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  • 13

    Nov

TEUM

Pareteum

$2.13

-0.09 (-4.05%)

, IPAS

iPass

$1.14

(0.00%)

18:00
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11/12
18:00
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Hot Stocks
Breaking Hot Stocks news story on Pareteum, iPass »

Pareteum to acquire iPass…

TEUM

Pareteum

$2.13

-0.09 (-4.05%)

IPAS

iPass

$1.14

(0.00%)

03/08/13
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  • 14

    Nov

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    Nov

BMWYY

BMW

$0.00

(0.00%)

17:57
11/12/18
11/12
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17:57
Periodicals
BMW in talks to sell branded credit-card unit, Bloomberg says »

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NVDA

Nvidia

$189.37

-16.25 (-7.90%)

17:54
11/12/18
11/12
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17:54
Hot Stocks
Nvidia reports record adoption of new Turing T4 GPU »

Nvidia announced that the…

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  • 15

    Nov

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    Dec

GLD

SPDR Gold Trust

$113.66

-0.82 (-0.72%)

17:51
11/12/18
11/12
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Hot Stocks
SPDR Gold Trust holdings rise to 762.00MT from 755.23MT »

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TSLA

Tesla

$331.15

-19.54 (-5.57%)

17:45
11/12/18
11/12
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Periodicals
Tesla legal executive with regulatory experience leaving, Bloomberg says »

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  • 14

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HUYA

Huya

$18.50

-0.5 (-2.63%)

17:34
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Hot Stocks
Huya reports Q3 average mobile MAUs 49.4M, up 28.2% from last year »

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  • 12

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VLKAY

Volkswagen

$0.00

(0.00%)

, DDAIF

Daimler AG

$0.00

(0.00%)

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Periodicals
Trump close to auto tariffs in a move that may have 'massive' fallout, BI says »

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VLKAY

Volkswagen

$0.00

(0.00%)

DDAIF

Daimler AG

$0.00

(0.00%)

NSANY

Nissan

$0.00

(0.00%)

TM

Toyota

$115.48

-1.83 (-1.56%)

F

Ford

$9.49

0.11 (1.17%)

HMC

Honda

$28.16

-0.34 (-1.19%)

GM

General Motors

$35.71

0.01 (0.03%)

FCAU

Fiat Chrysler

$15.78

-0.48 (-2.95%)

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MPVD

Mountain Province Diamonds

$1.42

-0.03 (-2.07%)

17:32
11/12/18
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Earnings
Mountain Province Diamonds reports Q3 EPS 8c, one estimate 6c »

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  • 13

    Nov

HUYA

Huya

$18.50

-0.5 (-2.63%)

17:32
11/12/18
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17:32
Earnings
Breaking Earnings news story on Huya »

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  • 12

    Nov

YY

YY

$61.39

-3.34 (-5.16%)

17:32
11/12/18
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17:32
Earnings
Breaking Earnings news story on YY »

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HUYA

Huya

$18.50

-0.5 (-2.63%)

17:31
11/12/18
11/12
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Earnings
Huya reports Q3 EPS 4c, consensus 4c »

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  • 12

    Nov

YY

YY

$61.39

-3.34 (-5.16%)

17:31
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Earnings
YY reports Q3 adjusted income per ADS $1.76, consensus $1.67 »

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CVX

Chevron

$117.47

-2.065 (-1.73%)

, XOM

Exxon Mobil

$79.87

-1.01 (-1.25%)

17:28
11/12/18
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Periodicals
Breaking Periodicals news story on Chevron, Exxon Mobil »

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CVX

Chevron

$117.47

-2.065 (-1.73%)

XOM

Exxon Mobil

$79.87

-1.01 (-1.25%)

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  • 12

    Nov

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ESS

Essex Property Trust

$254.54

0.59 (0.23%)

17:26
11/12/18
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Essex Property Trust sees no significant damage to CA portfolio from fires »

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ROAN

Roan Resources

$15.90

(0.00%)

17:25
11/12/18
11/12
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17:25
Hot Stocks
Roan Resources sees Q4 production 52-56 MBoe/d »

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ROAN

Roan Resources

$15.90

(0.00%)

17:24
11/12/18
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17:24
Hot Stocks
Roan Resources reports Q3 total production up 30% to 46.5 MBoe/d »

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ROAN

Roan Resources

$15.90

(0.00%)

17:23
11/12/18
11/12
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Earnings
Roan Resources reports Q3 adjusted EPS 21c, consensus 24c »

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INTC

Intel

$46.66

-1.44 (-2.99%)

17:19
11/12/18
11/12
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11/12/18
17:19
Hot Stocks
Intel accelerates launch of multimode modem to support 5G rollouts »

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