Market Overview

Credit Suisse Sees Gross Margin Holding Up For W.W. Grainger

Share:

In a report published Monday, Credit Suisse analyst Hamzah Mazari reiterated an Outperform rating and $310.00 price target on W.W. Grainger (NYSE: GWW).

In the report, Credit Suisse noted, “Although we acknowledge gross margins will not increase at the same rate relative to last cycle, there is not likely to be compression. Our sense is some pricing (~1%) and better execution are likely to offset mix (more larger customers) headwinds which combined with stronger operating leverage as a result of consistent growth initiative spend (~$100mm+/per annum) should drive higher earnings growth. We expect a mid-teens EPS growth going forward.”

W.W. Grainger closed on Thursday at $255.58.

Latest Ratings for GWW

DateFirmActionFromTo
Mar 2020BairdUpgradesNeutralOutperform
Mar 2020Morgan StanleyMaintainsEqual-Weight
Mar 2020Morgan StanleyMaintainsEqual-Weight

View More Analyst Ratings for GWW
View the Latest Analyst Ratings

 

Related Articles (GWW)

View Comments and Join the Discussion!

Posted-In: Credit Suisse Hamzah MazariAnalyst Color Reiteration Analyst Ratings

Latest Ratings

StockFirmActionPT
FMCSunTrust Robinson HumphreyMaintains106.0
JPMUBSMaintains82.0
FLTSunTrust Robinson HumphreyMaintains220.0
PPGSusquehannaMaintains82.0
MCOUBSMaintains238.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com