KeyBanc Reiterates Sector Weight Rating on Graco Inc. (GGG) as They 'Await Clarity on the Macro'

KeyBanc analyst Jeffrey Hammond reiterated a Sector Weight rating on Graco Inc. (NYSE: GGG).

The analyst commented: "Weaker Ind'l, One-Time Costs Drive Miss; No Surprises in 2025 Outlook; Following GGG’s 4Q24 earnings results, we maintain our Sector Weight rating. In short, demand choppiness continued across a number of GGG's markets, as well as some shipment timing issues, supporting a weaker 4Q. While orders have remained stable, we see mixed macro trends holding shares back near term. We remain comfortable with our Sector Weight rating, as we await clarity on the macro and more consistent application of capital allocation initiatives."

For an analyst ratings summary and ratings history on Graco Inc. click here. For more ratings news on Graco Inc. click here.

Shares of Graco Inc. closed at $85.95 yesterday.

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