Oppenheimer Maintains an 'Outperform' on WW Grainger (GWW); Long-Term Drivers Support Short-term Fundamentals
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Price: $942.07 -0.06%
Rating Summary:
9 Buy, 20 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 5 | Down: 3 | New: 2
Rating Summary:
9 Buy, 20 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 5 | Down: 3 | New: 2
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Oppenheimer maintains an 'Outperform' on WW Grainger (NYSE: GWW), PT $175.
Oppenheimer analyst said, "We had a chat with GWW representatives to briefly discuss sustainability of strategic drivers and opportunities, focusing on pricing, international opportunities, and margin performance. GWW daily sales trends have not witnessed a slowdown to date, as noted in the release of May daily sales on June 10, so we note resilience, given investor concerns over potential for increased choppiness in the economy. Vs. this commentary, current consensus estimates for 2Q11 appear well covered, in our view."
For more ratings news on WW Grainger click here and for the rating history of WW Grainger click here.
Shares of WW Grainger closed at $151.59 yesterday.
Oppenheimer analyst said, "We had a chat with GWW representatives to briefly discuss sustainability of strategic drivers and opportunities, focusing on pricing, international opportunities, and margin performance. GWW daily sales trends have not witnessed a slowdown to date, as noted in the release of May daily sales on June 10, so we note resilience, given investor concerns over potential for increased choppiness in the economy. Vs. this commentary, current consensus estimates for 2Q11 appear well covered, in our view."
For more ratings news on WW Grainger click here and for the rating history of WW Grainger click here.
Shares of WW Grainger closed at $151.59 yesterday.
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