UBS analyst Chris Snyder raised the firm’s price target on Grainger to $815 from $800 and keeps a Buy rating on the shares. The firm thinks equity should rerate on a higher level of market outgrowth which accelerates and adds durability to the revenue stream, the analyst tells investors in a research note.
Published first on TheFly
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Read More on GWW:
- Grainger price target raised to $800 from $785 at Oppenheimer
- Grainger price target raised to $760 from $730 at Baird
- GRAINGER REPORTS RESULTS FOR THE FIRST QUARTER 2023
- Grainger raises FY23 operating cash flow view to $1.6B-$1.8B from $1.45B-$1.65B
- Grainger raises FY23 EPS view to $34.25-$36.75 from $32.00-$34.50
