Baird raised the firm’s price target on MSC Industrial to $112 from $110 and keeps an Outperform rating on the shares. The firm said they reported an in-line quarter and introduced initial F2024 guidance capturing Street estimates. Growth is decelerating, but this was well telegraphed given persistently soft ISM/IP.
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 MSM:
- MSC Industrial sees FY24 ADS flat to up 5%
- MSC Industrial reports Q4 adjusted EPS $1.64, consensus $1.62
- MSC INDUSTRIAL SUPPLY CO. REPORTS FISCAL 2023 FOURTH QUARTER AND FULL YEAR RESULTS
- MSM Upcoming Earnings Report: What to Expect?
- MSC INDUSTRIAL SUPPLY CO. DECLARES 5% INCREASE IN REGULAR QUARTERLY DIVIDEND
