WW Grainger (GWW) Shares React Negatively to March Outlook

March 12, 2013 10:30 AM EDT
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Price: $244.17 -0.18%

Rating Summary:
    7 Buy, 14 Hold, 4 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 23 | Down: 34 | New: 34
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This morning WW Grainger (NYSE: GWW) reported February Daily sales increased 6 percent. WW Grainger also said March sales are trending below February at this point.

Commenting on developments, Wells Fargo analyst Allison Poliniak-Cusic said, "The shares could react negatively to the March outlook. Trading at roughly 18x our 2014 EPS estimate, we believe that near term potential upside to the shares could be limited given the uncertain macro outlook and maintain our Market Perform rating."

For an analyst ratings summary and ratings history on WW Grainger click here. For more ratings news on WW Grainger click here.

Shares of WW Grainger closed at $230.57 yesterday.

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