Oppenheimer raised the firm’s price target on Grainger to $800 from $785 and keeps an Outperform rating on the shares. Grainer’s FY23 EPS guidance increase implies 20% midpoint EPS growth, following 50% in FY22 and 23% in FY21, on continued strong market outgrowth and operating leverage, the analyst tells investors in a research note.
Published first on TheFly
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