UPDATE: Goldman Sachs Upgrades Graco on Resilient Margins And Reset Expectations - Graco (NYSE:GGG)

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In a report published on Sunday, Goldman Sachs analyst Joe Ritchie upgraded

27% profit every 20 days?

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Graco

(NYSE: GGG) 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.