In a report published Friday, Wunderlich Securities analyst Liam D. Burke reiterated a Buy rating and $80.00 price target on Graco GGG.
In the report, Wunderlich Securities noted, “With strength in its industrial segment complementing its contractor segments, Graco (GGG) continues to generate consistent revenue growth with positive operating leverage. The company has a diverse worldwide customer base and is the high value provider within its market segments. About 40% of the company's revenue is driven by its after-market product and service business which provides a dependable and profitable source of recurring revenue.”
Graco closed on Thursday at $76.27.
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