Goldman Sachs Upgrades Graco Inc. (GGG) Two-Notches to Buy
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Price: $80.64 -1.31%
Rating Summary:
5 Buy, 11 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
5 Buy, 11 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Goldman Sachs upgraded Graco Inc. (NYSE: GGG) from Sell to Buy with a price target of $49 (up from $41) citing EPS upside, improving US housing sentiment.
The firm said drivers of stronger than expected 2011 EPS will be sustained this year and that sentiment on US housing exposures will improve.
Goldman's 2012-13 estimates are 5%/11% above consensus on stronger incremental margins.
For an analyst ratings summary and ratings history on Graco Inc. click here. For more ratings news on Graco Inc. click here.
Shares of Graco Inc. closed at $40.45 yesterday.
The firm said drivers of stronger than expected 2011 EPS will be sustained this year and that sentiment on US housing exposures will improve.
Goldman's 2012-13 estimates are 5%/11% above consensus on stronger incremental margins.
For an analyst ratings summary and ratings history on Graco Inc. click here. For more ratings news on Graco Inc. click here.
Shares of Graco Inc. closed at $40.45 yesterday.
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