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GWW

Grainger

$338.99

33.78 (11.07%)

22:33
07/18/18
07/18
22:33
07/18/18
22:33

Grainger upgraded to Neutral from Sell at UBS

  • 18

    Jul

GWW Grainger
$338.99

33.78 (11.07%)

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

R

Ryder

$53.63

-1.18 (-2.15%)

, FDX

FedEx

$226.34

-0.34 (-0.15%)

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FDX

FedEx

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TVTY

Tivity Health

$36.76

0.2 (0.55%)

, UNH

UnitedHealth

$266.04

-5.21 (-1.92%)

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Recommendations
Tivity Health, UnitedHealth analyst commentary  »

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TVTY

Tivity Health

$36.76

0.2 (0.55%)

UNH

UnitedHealth

$266.04

-5.21 (-1.92%)

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  • 27

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MDGS

Medigus

$2.95

-0.09 (-2.96%)

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MU

Micron

$36.82

-2.63 (-6.67%)

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  • 04

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FDX

FedEx

$226.34

-0.34 (-0.15%)

, R

Ryder

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-1.18 (-2.15%)

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Hot Stocks
FedEx acquires 1,000 Chanje electric vehicles »

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R

Ryder

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  • 13

    Dec

KKR

KKR

$21.08

-0.75 (-3.44%)

06:56
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06:56
Periodicals
KKR expands presence in Asia infrastructure sector with new hires, Reuters says »

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CBM

Cambrex

$47.67

0.41 (0.87%)

06:55
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Conference/Events
Cambrex to host conference call »

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SNR

New Senior Investment

$5.33

0.1 (1.91%)

06:55
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Hot Stocks
New Senior Investment to internalize the company's management function »

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URBN

Urban Outfitters

$35.61

-1.45 (-3.91%)

06:54
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06:54
Recommendations
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TWTR

Twitter

$31.98

-1.72 (-5.10%)

06:53
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11/20
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06:53
Periodicals
Twitter CEO Jack Dorsey accused of hate mongering in India, Reuters reports »

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  • 28

    Nov

CMPGY

Compass Group

$0.00

(0.00%)

06:51
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11/20
06:51
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06:51
Conference/Events
Compass Group management to meet with Morgan Stanley »

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  • 26

    Nov

  • 27

    Nov

NVTA

Invitae

$12.78

-0.46 (-3.47%)

06:51
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06:51
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RNSDF

Renault

$0.00

(0.00%)

, NSANY

Nissan

$0.00

(0.00%)

06:51
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Periodicals
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RNSDF

Renault

$0.00

(0.00%)

NSANY

Nissan

$0.00

(0.00%)

03/08/13
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06:50
11/20/18
11/20
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General news
Treasury Market Outlook: »

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MDT

Medtronic

$90.40

-3.28 (-3.50%)

06:48
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Hot Stocks
Medtronic CEO says 'we are executing on multiple fronts' »

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  • 20

    Nov

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    Dec

JDWPY

JD Wetherspoon

$0.00

(0.00%)

06:47
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MATX

Matson

$40.86

-0.32 (-0.78%)

06:47
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  • 11

    Dec

JEC

Jacobs Engineering

$72.96

-1.2 (-1.62%)

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  • 20

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MDT

Medtronic

$90.40

-3.28 (-3.50%)

06:47
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Earnings
Medtronic backs FY19 adjusted EPS view $5.10-$5.15, consensus $5.12 »

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  • 20

    Nov

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    Dec

MDT

Medtronic

$90.40

-3.28 (-3.50%)

06:45
11/20/18
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Earnings
Medtronic reports Q2 adjusted EPS $1.22, consensus $1.15 »

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  • 20

    Nov

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    Dec

TESS

Tessco

$11.11

-0.12 (-1.07%)

06:45
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Upgrade
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  • 04

    Dec

FB

Facebook

$131.62

-7.93 (-5.68%)

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  • 28

    Nov

ATV

Acorn International

$21.44

0.25 (1.18%)

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SQ

Square

$63.00

-7.545 (-10.70%)

06:43
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  • 26

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CBM

Cambrex

$47.67

0.41 (0.87%)

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