In a report published Friday, Stifel analyst Robert McCarthy initiated coverage on W W Grainger Inc GWW with a Buy rating and $309.00 price target.
In the report, Stifel noted, “We are initiating coverage of W.W. Grainger, Inc. (GWW) with a Buy rating on the shares and a 12-month target price of $309, indicating 27% potential upside. This is based on GWW trading at 20x our 2016E EPS of $15.45.”
W W Grainger closed on Thursday at $242.65.
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