UBS Cuts Estimates and PT on MSC Industrial (MSM); Talk of Moderation, but Not On Growth Spending
Tweet Send to a FriendGet Alerts MSM Hot Sheet
Price: $84.26 +0.78%
Rating Summary:
3 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Rating Summary:
3 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Trade MSM Now!
UBS maintains a 'Buy' on MSC Industrial (NYSE: MSM) price target of $75.00 (from $83.00).
Analyst, Robert Barry, said, "MSM's manufacturing end markets have slowed and we expect sales growth to come primarily from pricing, share gains, and M&A in F4Q, F13. We think plans to augment key growth initiatives make sense (e.g. in vending, IT/eCommerce) given large share gain opportunities, which likely grow in a weaker macro. But the degree of margin pressure was a little disappointing vs. W.W. Grainger (NYSE: GWW) and Fastenal (Nasdaq: FAST), which seem to be doing a better job offsetting such investments with productivity."
FY12 EPS estimate cut from $4.11 to $4.06 and FY13 from $4.64 to $4.35.
For an analyst ratings summary and ratings history on MSC Industrial click here. For more ratings news on MSC Industrial click here.
Shares of MSC Industrial closed at $65.07 yesterday, with a 52 week range of $49.72-$84.76.
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
Analyst, Robert Barry, said, "MSM's manufacturing end markets have slowed and we expect sales growth to come primarily from pricing, share gains, and M&A in F4Q, F13. We think plans to augment key growth initiatives make sense (e.g. in vending, IT/eCommerce) given large share gain opportunities, which likely grow in a weaker macro. But the degree of margin pressure was a little disappointing vs. W.W. Grainger (NYSE: GWW) and Fastenal (Nasdaq: FAST), which seem to be doing a better job offsetting such investments with productivity."
FY12 EPS estimate cut from $4.11 to $4.06 and FY13 from $4.64 to $4.35.
For an analyst ratings summary and ratings history on MSC Industrial click here. For more ratings news on MSC Industrial click here.
Shares of MSC Industrial closed at $65.07 yesterday, with a 52 week range of $49.72-$84.76.
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
You May Also Be Interested In
- UPDATE: UBS Downgrades Carnival (CCL) to Neutral; Worst May Not Be Behind
- UBS Raises PT on Tesoro (TSO)
- Goldman Sachs Upgrades Abbott Labs (ABT) to Buy
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
UBS
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
