JP Morgan Maintains Neutral Rating for MSC Industrial Direct Co: Here's What You Need To Know

JP Morgan has decided to maintain its Neutral rating of MSC Industrial Direct Co MSM and raise its price target from $86.00 to $89.00.

Shares of MSC Industrial Direct Co are trading up 1.41% over the last 24 hours, at $95.62 per share.

A move to $89.00 would account for a 6.92% decline from the current share price.

About MSC Industrial Direct Co

MSC Industrial Direct is one of the largest industrial distributors with a focus on metalworking and maintenance, repair, and operations products and services. The company offers over 2 million products through its distribution network, which has 11 fulfillment centers. Although MSC has a presence in Canada, Mexico, and the United Kingdom, it primarily operates in the United States. In fiscal 2022, 95% of the firm's $3.7 billion of sales was generated in the U.S.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.