UBS Maintains a 'Buy' on MSC Industrial (MSM); F1Q Solid; Growth Ambitions Growing

UBS maintains a 'Buy' on MSC Industrial (NYSE: MSM) price target raised $1 to $81.

UBS analyst says, "Our take on 1Q: Strong mfg, weak government, big growth plans...Key estimate revisions: F1Q margin gains narrow, EPS up on lower shares."

"Our view on the stock: See fundamental performance expanding multiple We see strong mfg data and accelerating firm-specific growth initiatives driving Street estimates higher. We also see multiple expansion as evidence of more firm-specific growth traction, plus defensive attributes (net cash, 23% ROIC), closes some of the gap between where MSM shares are trading vs. history (just below mid-point of range) and where peers Fastenal (Nasdaq: FAST), W.W. Grainger (NYSE: GWW) trade vs. history (top of range)."

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 $73.13 yesterday.

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