Deutsche Bank Starts Graco Inc. (GGG) at Hold
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Deutsche Bank initiated coverage on Graco Inc. (NYSE: GGG) with a Hold rating and a price target of $83.
Analyst Saree Boroditsky said, "We view Graco as a solid long-term industrials holding but remain cautious on entering the stock at this point as we do not see a catalyst to support meaningful improvement in business investment. Thus, we would prefer to wait for a better entry point in the stock and initiate with a hold rating."
Shares of Graco Inc. closed at $75.07 yesterday.
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