UBS Maintains a 'Neutral' on WW Grainger (GWW); Raising PT and Estimates on Solid Q1
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Price: $1,320.23 -0.18%
Rating Summary:
9 Buy, 23 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 20
Rating Summary:
9 Buy, 23 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 20
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UBS maintains a 'Neutral' on WW Grainger (NYSE: GWW) price target raised from $221 to $225.
Analyst, Robert Barry, said, "We think GWW is on track to post ~11% organic sales growth in 2012, the best result in a decade, despite some easing in March that seems consistent with a healthy but less frothy mfg economy vs. a year ago. We believe growing traction on GWW-specific initiatives is driving better growth. Price tracked at the high end of the target 2-3% range, more than offsetting inflation, boding well for margins and helping offset growth-related spend. A weak spot was Europe (~4% sales), where low 1% EBIT margins likely reflect a weak macro and investment spending."
UBS raises FY12/13 by $0.10 each to $10.75/12.30.
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 $215.63 yesterday.
Analyst, Robert Barry, said, "We think GWW is on track to post ~11% organic sales growth in 2012, the best result in a decade, despite some easing in March that seems consistent with a healthy but less frothy mfg economy vs. a year ago. We believe growing traction on GWW-specific initiatives is driving better growth. Price tracked at the high end of the target 2-3% range, more than offsetting inflation, boding well for margins and helping offset growth-related spend. A weak spot was Europe (~4% sales), where low 1% EBIT margins likely reflect a weak macro and investment spending."
UBS raises FY12/13 by $0.10 each to $10.75/12.30.
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 $215.63 yesterday.
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