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


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

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

View More Analyst Ratings for GWW
View the Latest Analyst Ratings


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

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