Loading...
Loading...
In a report published on Sunday, Goldman Sachs analyst Joe Ritchie upgraded
GracoGGG from Neutral to Sell and raised the price target on the company from $60 to $68.
In the report, Goldman Sachs stated, "Post 1Q earnings and recent management commentary, we have increased confidence in GGG's ability to expand margins. Specifically, we point to record legacy Industrial margins in 1Q13 due to solid cost control despite weak organic growth and improving mix/volume leverage in Contractor as reasons for sustained margin improvement going forward."
Graco closed on Friday at $61.71.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in