Credit Suisse Upgrades MSC Industrial (MSM) to Outperform

Credit Suisse upgraded MSC Industrial (NYSE: MSM) from Neutral to Outperform with a price target of $100.00 (from $92.00).

Analyst Andrew Buscaglia believes investors "gave up too quickly" following Q1 and says those who missed the post-election rally now have a shot at the second rally. He believes the company offers "very different" exposure for investors compared to WW Grainger (NYSE: GWW) which he downgraded in the same note Wednesday morning.

FY 2017 EPS estimate is for $3.96, FY 2018 EPS estimate is for $4.35 and FY 2019 EPS estimate is for $4.75.

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 $85.98 yesterday.

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