UPDATE: UBS Upgrades WW Grainger (GWW) to Buy; Recent Underperformance Offers Compelling Valuation
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Price: $1,317.68 -0.38%
Rating Summary:
9 Buy, 23 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Rating Summary:
9 Buy, 23 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
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(Updated - June 8, 2012 10:10 AM EDT)
UBS upgraded WW Grainger (NYSE: GWW) from Neutral to Buy. PT $225.
Analyst, Robert Barry, said, "We think GWW’s strong growth trajectory stays intact if Amazon (Nasdaq: AMZN) gets more aggressive in industrial distribution, even if AMZN discounts heavily. We think the large, highly fragmented MRO market supports AMZN’s entry w/o jeopardizing GWW's opportunity, especially given AMZN’s likely value orientation and small customer focus. GWW, as a premium provider, targets large customers. Many we spoke to said cheaper alternatives exist now – they use GWW for high-touch services and same day product access we doubt AMZN matches."
UBS raises FY13 EPS estimate from $12.30 to $12.40.
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 $185.74 yesterday.
UBS upgraded WW Grainger (NYSE: GWW) from Neutral to Buy. PT $225.
Analyst, Robert Barry, said, "We think GWW’s strong growth trajectory stays intact if Amazon (Nasdaq: AMZN) gets more aggressive in industrial distribution, even if AMZN discounts heavily. We think the large, highly fragmented MRO market supports AMZN’s entry w/o jeopardizing GWW's opportunity, especially given AMZN’s likely value orientation and small customer focus. GWW, as a premium provider, targets large customers. Many we spoke to said cheaper alternatives exist now – they use GWW for high-touch services and same day product access we doubt AMZN matches."
UBS raises FY13 EPS estimate from $12.30 to $12.40.
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 $185.74 yesterday.
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