Baird raised the firm’s price target on Grainger to $995 from $880 and keeps an Outperform rating on the shares. The firm said they reported solid 4Q23 results despite slightly softer-than-expected sales. Initial 2024 guidance bracketed expectations but could be conservative.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on GWW:
- GRAINGER REPORTS RESULTS FOR THE FOURTH QUARTER AND FULL YEAR 2023
- Grainger sees FY24 daily, organic cc sales growth 4%-7%
- Grainger sees FY24 EPS $38.00-$40.50, consensus $38.65
- Grainger reports Q4 adjusted EPS $8.33, consensus $8.05
- Grainger plans to open new distribution center near Houston in 2026