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Fly News Breaks for February 12, 2020
Feb 12, 2020 | 04:50 EDT
William Blair analyst Ryan Merkel upgraded Grainger to Outperform from Market Perform without a price target. The analyst sees an attractive valuation ahead of the company's margin "inflection" in 2021.
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.