UPDATE: Raymond James Upgrades WW Grainger (GWW) to Outperform

August 2, 2021 4:14 AM EDT
Get Alerts GWW Hot Sheet
Price: $405.35 +0.49%

Rating Summary:
    10 Buy, 20 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 17 | Down: 5 | New: 36
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(Updated - August 2, 2021 4:54 AM EDT)

Raymond James analyst Sam Darkatsh upgraded WW Grainger (NYSE: GWW) from Market Perform to Outperform with a price target of $460.00.

The analyst comments "Our prior thesis was predicated on Grainger posting higher sales growth and margin expansion vs. peers (namely Fastenal). While Grainger's comps continue to be quite healthy (both in absolute and relative terms), its pricing is increasingly not keeping up with inflationary pressures. When combined with a valuation that is still somewhat stretched compared to its own history, we choose to take our foot off the pedal for the time being."

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 $444.58 yesterday.


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