Baird analyst David Manthey raised the firm’s price target on MSC Industrial to $104 from $95 and keeps an Outperform rating on the shares. The analyst said they reported a strong quarter, solidly beating estimates on sales upside and strong SG&A leverage and while 2023 guidance was unchanged, expectations for most of the P&L were shaded higher relative to our prior estimates.
Published first on TheFly
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