RBC Capital raised the firm’s price target on Grainger (GWW) to $1,050 from $1,006 and keeps a Sector Perform rating on the shares. The company posted a modest Q3 operating beat on better-than-feared price/cost and LIFO headwinds, which should linger into the first half of 2026 until inflationary pressures ease and price hikes catch up, the analyst tells investors in a research note. The federal government shutdown was sized at a one percentage point of revenue impact and mostly isolated to military, RBC added.
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