Oppenheimer Upgrades WW Grainger (GWW) to Outperform

November 16, 2012 8:26 AM EST Send to a Friend
Get Alerts GWW Hot Sheet
Price: $235.33 -1.14%

Rating Summary:
    7 Buy, 10 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 16 | Down: 17 | New: 15
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Oppenheimer upgraded WW Grainger (NYSE: GWW) from Perform to Outperform with a price target of $220.00 (from $225.00).

The firm cited, "(1) long-term US and global market share runway and solid margin drivers, (2) our expectation of defensive financial characteristics, given risky macro (while retaining strong cyclical leverage), and (3) expectation that pace of share gain (which has ebbed) will re-accelerate at some point as management tweaks the various approaches to growing market share."

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 $188.77 yesterday.

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