Deutsche Bank Starts Graco Inc. (GGG) at Hold

September 6, 2016 4:34 PM EDT
Get Alerts GGG Hot Sheet
Price: $75.51 +0.64%

Rating Summary:
    1 Buy, 10 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 17 | Down: 27 | New: 7
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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."

For an analyst ratings summary and ratings history on Graco Inc. click here. For more ratings news on Graco Inc. click here.

Shares of Graco Inc. closed at $75.07 yesterday.

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