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

June 8, 2012 7:22 AM EDT Send to a Friend
Get Alerts GWW Hot Sheet
Price: $234.60 +0.12%

Rating Summary:
    7 Buy, 10 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 10 | Down: 19 | New: 37
Trade GWW Now!
Join SI Premium – FREE
(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.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories

Analyst EPS Change, Analyst EPS View, Upgrades

Related Entities


Add Your Comment