MSC Industrial (MSM) Tops Q1 EPS by 2c, Guides Q2 Above the Street

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Stifel Raises Price Target on MSC Industrial (MSM) Following 1Q Report

January 12, 2017 8:46 AM EST

Stifel reiterated a Hold rating on MSC Industrial (NYSE: MSM), and raised the price target to $104.00 (from $89.00), following the company's 1Q earnings report. MSC Industrial reported 1Q17 EPS of $0.95, ahead of the $0.90 - $0.94 guidance range and $0.93 consensus. Revenues declined 2.9% year over year to $686 million... More