UPDATE: UBS Upgrades WW Grainger (GWW) to Buy; Recent Underperformance Offers Compelling Valuation

June 8, 2012 7:22 AM EDT Send to a Friend
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Price: $248.39 -0.34%

Rating Summary:
    7 Buy, 8 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 8 | Down: 12 | New: 23
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(Updated - June 8, 2012 10:10 AM EDT)

UBS upgraded WW Grainger (NYSE: GWW) from Neutral to Buy. PT $225.

Analyst, Robert Barry, said, "We think GWW’s strong growth trajectory stays intact if Amazon (Nasdaq: AMZN) gets more aggressive in industrial distribution, even if AMZN discounts heavily. We think the large, highly fragmented MRO market supports AMZN’s entry w/o jeopardizing GWW's opportunity, especially given AMZN’s likely value orientation and small customer focus. GWW, as a premium provider, targets large customers. Many we spoke to said cheaper alternatives exist now – they use GWW for high-touch services and same day product access we doubt AMZN matches."

UBS raises FY13 EPS estimate from $12.30 to $12.40.

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 $185.74 yesterday.


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