Goldman Sachs Resumes WW Grainger (GWW) at Neutral

March 21, 2013 7:37 AM EDT Send to a Friend
Get Alerts GWW Hot Sheet
Price: $231.54 -1.26%

Rating Summary:
    7 Buy, 8 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 29 | Down: 28 | New: 24
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Goldman Sachs resumes coverage on WW Grainger (NYSE: GWW) with a Neutral rating and $258 price target.

Goldman likes the stock for a lot of reasons and sees best-in-class execution. That said, they believe valuation is stretched and at the top end of their expected range.

On the positives, the firm highlights: "(1) GWW is the market leader in MRO with a solid business model (e.g., strong growth, low EPS volatility) and track record; (2) we believe EPS expectations are beatable; and (3) a myriad of initiatives (e.g., product/sales force expansion, ecommerce) that should sustain strong growth for years to come."

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 $226.26 yesterday.


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