Graco added to DA Davidson Best-of-Breed Bison initiative

DA Davidson keeps a Neutral rating and $75 price target on Graco while adding the stock to the firm’s Best-of-Breed Bison initiative that seeks to identify the highest quality companies with “strong competitive positioning and exceptional financials”. The stock’s favorable scoring within the firm’s Best-of-Breed Bison framework is driven by its leading market position with solid brand awareness and loyalty, organic and inorganic growth prospects, operational excellence, strong and consistent free cash flow generation, and a solid balance sheet that provides the company with ample capital deployment optionality, the analyst tells investors in a research note.