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Grainger upgraded to Sector Perform from Underperform at RBC Capital » 16:54
02/23/23
02/23
16:54
02/23/23
16:54
GWW

Grainger

$658.03 /

+0.53 (+0.08%)

RBC Capital analyst Deane…

RBC Capital analyst Deane Dray upgraded Grainger to Sector Perform from Underperform with a price target of $679, up from $502. The analyst cites the company's "recent surge in market outgrowth in the highly fragmented" industrial maintenance, repair and operations distribution market for the upgrade. The outgrowth is driving higher volumes and faster earnings growth, says the analyst, who believes Grainger's investments in remerchandising and data-driven marketing "are clearly paying off." The threat from Amazon Business "also looks to be at bay for now," adds RBC.

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GWW Grainger
$658.03 /

+0.53 (+0.08%)

GWW Grainger
$658.03 /

+0.53 (+0.08%)

02/17/23 UBS
Grainger price target raised to $800 from $695 at UBS
02/13/23 Loop Capital
Grainger price target raised to $750 from $670 at Loop Capital
02/03/23 RBC Capital
Grainger price target raised to $502 from $439 at RBC Capital
02/03/23 Baird
Grainger price target raised to $730 from $650 at Baird
GWW Grainger
$658.03 /

+0.53 (+0.08%)

GWW Grainger
$658.03 /

+0.53 (+0.08%)

GWW Grainger
$658.03 /

+0.53 (+0.08%)

Recommendations
Grainger price target raised to $800 from $695 at UBS » 08:15
02/17/23
02/17
08:15
02/17/23
08:15
GWW

Grainger

$671.38 /

-1.91 (-0.28%)

UBS analyst Chris Snyder…

UBS analyst Chris Snyder raised the firm's price target on Grainger to $800 from $695 and keeps a Buy rating on the shares following the latest beat and raise. The firm sees upside to gross margin guidance for 2023, even assuming materially worse than normal seasonality, the analyst tells investors in a research note.

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GWW Grainger
$671.38 /

-1.91 (-0.28%)

GWW Grainger
$671.38 /

-1.91 (-0.28%)

02/13/23 Loop Capital
Grainger price target raised to $750 from $670 at Loop Capital
02/03/23 RBC Capital
Grainger price target raised to $502 from $439 at RBC Capital
02/03/23 Baird
Grainger price target raised to $730 from $650 at Baird
02/03/23 Oppenheimer
Grainger price target raised to $785 from $660 at Oppenheimer
GWW Grainger
$671.38 /

-1.91 (-0.28%)

GWW Grainger
$671.38 /

-1.91 (-0.28%)

GWW Grainger
$671.38 /

-1.91 (-0.28%)

Recommendations
Grainger price target raised to $750 from $670 at Loop Capital » 07:36
02/13/23
02/13
07:36
02/13/23
07:36
GWW

Grainger

$656.19 /

-3.1 (-0.47%)

Loop Capital analyst…

Loop Capital analyst Chris Dankert raised the firm's price target on Grainger to $750 from $670 and keeps a Buy rating on the shares after its Q4 earnings beat coming in spite of the one-time SG&A headwinds. The company's above-consensus FY23 guidance also looks to be "highly achievable", and the market consolidation that accelerated during the pandemic is here to stay as investments in technology, pricing, merchandising, and working capital continue to drive Grainger's outgrowth, the analyst tells investors in a research note.

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GWW Grainger
$656.19 /

-3.1 (-0.47%)

GWW Grainger
$656.19 /

-3.1 (-0.47%)

02/03/23 RBC Capital
Grainger price target raised to $502 from $439 at RBC Capital
02/03/23 Baird
Grainger price target raised to $730 from $650 at Baird
02/03/23 Oppenheimer
Grainger price target raised to $785 from $660 at Oppenheimer
11/29/22 UBS
Grainger price target raised to $695 from $635 at UBS
GWW Grainger
$656.19 /

-3.1 (-0.47%)

GWW Grainger
$656.19 /

-3.1 (-0.47%)

GWW Grainger
$656.19 /

-3.1 (-0.47%)

Recommendations
Grainger price target raised to $502 from $439 at RBC Capital » 07:29
02/03/23
02/03
07:29
02/03/23
07:29
GWW

Grainger

$675.80 /

+75.68 (+12.61%)

, AMZN

Amazon.com

$112.65 /

+7.48 (+7.11%)

RBC Capital analyst Deane…

RBC 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.

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GWW Grainger
$675.80 /

+75.68 (+12.61%)

AMZN Amazon.com
$112.65 /

+7.48 (+7.11%)

GWW Grainger
$675.80 /

+75.68 (+12.61%)

02/03/23 Baird
Grainger price target raised to $730 from $650 at Baird
02/03/23 Oppenheimer
Grainger price target raised to $785 from $660 at Oppenheimer
11/29/22 UBS
Grainger price target raised to $695 from $635 at UBS
11/15/22 Atlantic Equities
Grainger downgraded to Neutral from Overweight at Atlantic Equities
AMZN Amazon.com
$112.65 /

+7.48 (+7.11%)

02/03/23 TD Cowen
Amazon.com price target raised to $150 from $140 at Cowen
02/03/23 Wells Fargo
Amazon.com price target lowered to $145 from $155 at Wells Fargo
02/03/23 Baird
Amazon.com price target raised to $125 from $120 at Baird
02/03/23 UBS
Amazon.com price target raised to $127 from $118 at UBS
GWW Grainger
$675.80 /

+75.68 (+12.61%)

AMZN Amazon.com
$112.65 /

+7.48 (+7.11%)

AMZN Amazon.com
$112.65 /

+7.48 (+7.11%)

GWW Grainger
$675.80 /

+75.68 (+12.61%)

AMZN Amazon.com
$112.65 /

+7.48 (+7.11%)

GWW Grainger
$675.80 /

+75.68 (+12.61%)

AMZN Amazon.com
$112.65 /

+7.48 (+7.11%)

Recommendations
Grainger price target raised to $730 from $650 at Baird » 06:51
02/03/23
02/03
06:51
02/03/23
06:51
GWW

Grainger

$675.80 /

+75.68 (+12.61%)

Baird analyst David…

Baird analyst David Manthey raised the firm's price target on Grainger to $730 from $650 and keeps an Outperform rating on the shares. The analyst thinks guidance/expectations for a declining US MRO market/slightly lower gross margin are calibrated appropriately, setting the stage for good performance ahead.

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GWW Grainger
$675.80 /

+75.68 (+12.61%)

GWW Grainger
$675.80 /

+75.68 (+12.61%)

02/03/23 Oppenheimer
Grainger price target raised to $785 from $660 at Oppenheimer
11/29/22 UBS
Grainger price target raised to $695 from $635 at UBS
11/15/22 Atlantic Equities
Grainger downgraded to Neutral from Overweight at Atlantic Equities
11/14/22 Wolfe Research
Grainger downgraded to Peer Perform from Outperform at Wolfe Research
GWW Grainger
$675.80 /

+75.68 (+12.61%)

GWW Grainger
$675.80 /

+75.68 (+12.61%)

GWW Grainger
$675.80 /

+75.68 (+12.61%)

Recommendations
Grainger price target raised to $785 from $660 at Oppenheimer » 06:20
02/03/23
02/03
06:20
02/03/23
06:20
GWW

Grainger

$675.80 /

+75.68 (+12.61%)

Oppenheimer analyst…

Oppenheimer analyst Christopher Glynn raised the firm's price target on Grainger to $785 from $660 and keeps an Outperform rating on the shares. Grainger's FY22 EPS rose 50%, on 19% organic growth and 29% incremental margins, the analyst tells investors in a research note.

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GWW Grainger
$675.80 /

+75.68 (+12.61%)

GWW Grainger
$675.80 /

+75.68 (+12.61%)

11/29/22 UBS
Grainger price target raised to $695 from $635 at UBS
11/15/22 Atlantic Equities
Grainger downgraded to Neutral from Overweight at Atlantic Equities
11/14/22 Wolfe Research
Grainger downgraded to Peer Perform from Outperform at Wolfe Research
10/31/22 Baird
Grainger price target raised to $640 from $590 at Baird
GWW Grainger
$675.80 /

+75.68 (+12.61%)

GWW Grainger
$675.80 /

+75.68 (+12.61%)

GWW Grainger
$675.80 /

+75.68 (+12.61%)

Options
Early notable gainers among liquid option names on February 2nd » 09:55
02/02/23
02/02
09:55
02/02/23
09:55
ALGN

Align Technology

$350.14 /

+68.05 (+24.12%)

, META

Meta Platforms

$180.89 /

+27.79 (+18.15%)

, GWW

Grainger

$636.73 /

+36.61 (+6.10%)

, SIVB

SVB Financial

$332.90 /

+19.58 (+6.25%)

, GOOGL

Alphabet

$106.41 /

+5.975 (+5.95%)

Notable gainers among…

Notable gainers among liquid option names this morning include Align Technology (ALGN) $354.00 +71.47, Meta Platforms (Facebook) (META) $182.65 +29.53, Grainger (GWW) $644.75 +46.70, SVB Capital II (SIVB) $337.60 +24.22, and Alphabet Class A (GOOGL) $106.70 +6.27.

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SIVB SVB Financial
$332.90 /

+19.58 (+6.25%)

META Meta Platforms
$180.89 /

+27.79 (+18.15%)

GWW Grainger
$636.73 /

+36.61 (+6.10%)

GOOGL Alphabet
$106.41 /

+5.975 (+5.95%)

ALGN Align Technology
$350.14 /

+68.05 (+24.12%)

ALGN Align Technology
$350.14 /

+68.05 (+24.12%)

02/02/23 Evercore ISI
Align Technology price target raised to $375 from $230 at Evercore ISI
02/02/23 Stifel
Align Technology price target raised to $375 from $265 at Stifel
02/02/23 Goldman Sachs
Goldman ups Align Technology to Neutral on more confidence in near-term demand
02/02/23 Goldman Sachs
Align Technology upgraded to Neutral from Sell at Goldman Sachs
META Meta Platforms
$180.89 /

+27.79 (+18.15%)

02/02/23 Deutsche Bank
Meta Platforms price target raised to $200 from $125 at Deutsche Bank
02/02/23 RBC Capital
Meta Platforms price target raised to $225 from $160 at RBC Capital
02/02/23 Needham
Meta Platforms reported fundamentals still deteriorating, says Needham
02/02/23 Jefferies
Meta Platforms price target raised to $225 from $175 at Jefferies
GWW Grainger
$636.73 /

+36.61 (+6.10%)

11/29/22 UBS
Grainger price target raised to $695 from $635 at UBS
11/15/22 Atlantic Equities
Grainger downgraded to Neutral from Overweight at Atlantic Equities
11/14/22 Wolfe Research
Grainger downgraded to Peer Perform from Outperform at Wolfe Research
10/31/22 Baird
Grainger price target raised to $640 from $590 at Baird
SIVB SVB Financial
$332.90 /

+19.58 (+6.25%)

01/23/23 Truist
SVB Financial price target raised to $269 from $250 at Truist
01/23/23 Maxim
SVB Financial price target lowered to $500 from $600 at Maxim
01/20/23 Raymond James
SVB Financial price target raised to $285 from $260 at Raymond James
01/20/23 Wells Fargo
Wells Fargo believes SVB Financial among most attractive banks long term
GOOGL Alphabet
$106.41 /

+5.975 (+5.95%)

02/02/23 Morgan Stanley
Meta Platforms price target raised to $190 from $130 at Morgan Stanley
01/31/23 BofA
Alphabet price target raised to $119 at BofA ahead of earnings
01/30/23 KeyBanc
Trade Desk price target lowered to $55 from $56 at KeyBanc
01/30/23 KeyBanc
Alphabet price target lowered to $117 from $118 at KeyBanc
SIVB SVB Financial
$332.90 /

+19.58 (+6.25%)

META Meta Platforms
$180.89 /

+27.79 (+18.15%)

GWW Grainger
$636.73 /

+36.61 (+6.10%)

GOOGL Alphabet
$106.41 /

+5.975 (+5.95%)

ALGN Align Technology
$350.14 /

+68.05 (+24.12%)

META Meta Platforms
$180.89 /

+27.79 (+18.15%)

GOOGL Alphabet
$106.41 /

+5.975 (+5.95%)

SIVB SVB Financial
$332.90 /

+19.58 (+6.25%)

META Meta Platforms
$180.89 /

+27.79 (+18.15%)

GWW Grainger
$636.73 /

+36.61 (+6.10%)

GOOGL Alphabet
$106.41 /

+5.975 (+5.95%)

ALGN Align Technology
$350.14 /

+68.05 (+24.12%)

SIVB SVB Financial
$332.90 /

+19.58 (+6.25%)

META Meta Platforms
$180.89 /

+27.79 (+18.15%)

GOOGL Alphabet
$106.41 /

+5.975 (+5.95%)

ALGN Align Technology
$350.14 /

+68.05 (+24.12%)

Hot Stocks
Grainger sees FY23 operating cash flow $1.45B-$1.65B » 08:03
02/02/23
02/02
08:03
02/02/23
08:03
GWW

Grainger

$597.80 /

+8.35 (+1.42%)

Sees FY23: CapEx…

Sees FY23: CapEx $450M-$525M; share buybacks $550M-$700M; tax rate ~25%.

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GWW Grainger
$597.80 /

+8.35 (+1.42%)

GWW Grainger
$597.80 /

+8.35 (+1.42%)

11/29/22 UBS
Grainger price target raised to $695 from $635 at UBS
11/15/22 Atlantic Equities
Grainger downgraded to Neutral from Overweight at Atlantic Equities
11/14/22 Wolfe Research
Grainger downgraded to Peer Perform from Outperform at Wolfe Research
10/31/22 Baird
Grainger price target raised to $640 from $590 at Baird
GWW Grainger
$597.80 /

+8.35 (+1.42%)

GWW Grainger
$597.80 /

+8.35 (+1.42%)

Earnings
Grainger sees FY23 EPS $32.00-$34.50, consensus $30.93 » 08:01
02/02/23
02/02
08:01
02/02/23
08:01
GWW

Grainger

$597.80 /

+8.35 (+1.42%)

Sees FY23 revenue…

Sees FY23 revenue $16.2B-$16.8B, consensus $15.94B.

ShowHide Related Items >><<
GWW Grainger
$597.80 /

+8.35 (+1.42%)

GWW Grainger
$597.80 /

+8.35 (+1.42%)

11/29/22 UBS
Grainger price target raised to $695 from $635 at UBS
11/15/22 Atlantic Equities
Grainger downgraded to Neutral from Overweight at Atlantic Equities
11/14/22 Wolfe Research
Grainger downgraded to Peer Perform from Outperform at Wolfe Research
10/31/22 Baird
Grainger price target raised to $640 from $590 at Baird
GWW Grainger
$597.80 /

+8.35 (+1.42%)

GWW Grainger
$597.80 /

+8.35 (+1.42%)

Earnings
Grainger reports Q4 adjusted EPS $7.14, consensus $7.01 » 08:00
02/02/23
02/02
08:00
02/02/23
08:00
GWW

Grainger

$597.80 /

+8.35 (+1.42%)

Reports Q4 revenue $3.8B,…

Reports Q4 revenue $3.8B, consensus $3.77B.

ShowHide Related Items >><<
GWW Grainger
$597.80 /

+8.35 (+1.42%)

GWW Grainger
$597.80 /

+8.35 (+1.42%)

11/29/22 UBS
Grainger price target raised to $695 from $635 at UBS
11/15/22 Atlantic Equities
Grainger downgraded to Neutral from Overweight at Atlantic Equities
11/14/22 Wolfe Research
Grainger downgraded to Peer Perform from Outperform at Wolfe Research
10/31/22 Baird
Grainger price target raised to $640 from $590 at Baird
GWW Grainger
$597.80 /

+8.35 (+1.42%)

GWW Grainger
$597.80 /

+8.35 (+1.42%)

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