2023-02-03 07:29:27 GWW Grainger
Amazon.com
02/03/23 02/0307:29 02/03/2307:29 | Grainger price target raised to $502 from $439 at RBC CapitalRBC Capital analyst Deane Dray raised the firm's price target on Grainger (GWW) to $502 from $439 but keeps an Underperform rating on the shares. The company's Q4 operating beat signals ongoing strength in industrial short-cycle MRO demand, and Grainger continues to grow earnings in Endless Assortment fast enough to offset the ecommerce margin-erosion pressures, the analyst tells investors in a research note. The firm remains concerned over the company's fraying of its branch-centric business model however, citing the "long shadow" of Amazon (AMZN) influencing the mix shift to more competition for online/direct ship. Grainger
Amazon.com
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ProQR Therapeutics upgraded to Outperform from Market Perform at JMP Securities »
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Telefonica upgraded to Outperform from Underperform at Exane BNP Paribas »
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FDA PDUFA Date for Regeneron Evkeeza (evinacumab) March 30, 2023
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