Grainger price target raised to $1,000 from $775 at Stephens

Stephens raised the firm’s price target on Grainger to $1,000 from $775 and keeps an Equal Weight rating on the shares. The firm is updating its model following the company’s Q4 report and call, telling investors it has “increasing conviction” in the company’s High-Touch Solutions share capture and margin expansion strategies, which support a “premium price target valuation multiple.”