Oppenheimer Upgrades WW Grainger (GWW) to Outperform

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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, with a 52 week range of $168.77-$221.84.

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