UPDATE: UBS Upgrades WW Grainger (GWW) to Buy; Recent Underperformance Offers Compelling Valuation
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Price: $263.35 +1.89%
Rating Summary:
7 Buy, 6 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
7 Buy, 6 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade GWW Now!
(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, with a 52 week range of $124.33-$221.84.
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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, with a 52 week range of $124.33-$221.84.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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