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Fly News Breaks for January 24, 2020
Jan 24, 2020 | 08:19 EDT
Buckingham analyst Robert Barry raised his price target for Grainger to $342 from $329 and maintained a Neutral rating. Despite his estimate cuts, Barry tells investors in a research note that he thinks the Street estimate for 2020 looks achievable. On the shares, Barry says he would be more constructive if he had greater confidence in an accelerating U.S. outgrowth story or a more robust margin story and thinks valuation looks reasonable, but not compelling.
News For GWW From the Last 2 Days
Aug 3, 2021 | 09:54 EDT
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. ZoomInfo (ZI) assumed with an Outperform at RBC Capital. 2. Tractor Supply (TSCO) initiated with a Buy at Benchmark. 3. Applied Industrial Technologies (AIT) initiated with a Buy at Loop Capital. 4. Grainger (GWW) initiated with a Buy at Loop Capital. 5. MSC Industrial (MSM) initiated with a Hold at Loop Capital. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
Aug 3, 2021 | 07:08 EDT
Loop Capital analyst Chris Dankert initiated coverage of Grainger with a Buy rating and $525 price target. The analyst expects the company to generate accelerated sales growth and market share gains led by expansion of the Endless Assortment businesses, which are "rapidly achieving meaningful scale". Dankert adds that as these businesses mature, profitability should continue to improve, driving earnings upside.