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UPDATE: Morgan Stanley Starts W.W. Grainger at Overweight, Sets $296 Target

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Benzinga's Top Upgrades, Downgrades For January 26, 2017
Earnings Scheduled For January 25, 2017

In a report issued Tuesday, May 13th, Morgan Stanley initiated coverage on W.W. Grainger Inc. (NYSE: GWW) with an Overweight rating and a target price of $296.

A team of analysts at Morgan Stanley led by Nigel Coe expect W.W. Grainger's best-in-class returns and margins to leave the company as a “levered play on the U.S. manufacturing recovery.”

Coe sees the current valuation of the company as an “attractive entry point” with much optimism towards a potential 16 percent return.

With Grainger shares last trading at $253.23, down about 0.5 percent from Monday's close, Morgan Stanley's new price target implies potential upside of about 17 percent.

Latest Ratings for GWW

DateFirmActionFromTo
Jan 2017Deutsche BankUpgradesSellHold
Dec 2016Stifel NicolausMaintainsHold
Oct 2016Credit SuisseMaintainsNeutral

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Posted-In: Analyst Color News Price Target Initiation Analyst Ratings

 

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