Wunderlich Securities Sees Solid Revenue Growth, Positive Operating Leverage for Graco

In a report published Friday, Wunderlich Securities analyst Liam D. Burke reiterated a Buy rating and $80.00 price target on

. In the report, Wunderlich Securities noted, “With strength in its industrial segment complementing its contractor segments, Graco (GGG) continues to generate consistent revenue growth with positive operating leverage. The company has a diverse worldwide customer base and is the high value provider within its market segments. About 40% of the company's revenue is driven by its after-market product and service business which provides a dependable and profitable source of recurring revenue.” Graco closed on Thursday at $76.27.