Grainger price target raised to $930 from $800 at Oppenheimer

Oppenheimer raised the firm’s price target on Grainger to $930 from $800 and keeps an Outperform rating on the shares. The firm continues viewing Grainger as a core recommendation, with a resilient business model and management team adept at assessing/extending structural advantages. The company continues to expect long-term 8%-10% organic CAGR, with 4%-5% HTS-U.S. market outgrowth and 16%-18% profile at Endless Assortment.