Analysts Bump Up MSC Industrial Direct Price Target Post Q2 Results

Analysts Bump Up MSC Industrial Direct Price Target Post Q2 Results
  • MSC Industrial Direct Co Inc MSM price target has been raised to $93 from $88 by Loop Capital analyst Chris Dankert after the Q2 results.
  • The analyst maintained his Hold rating on the shares.
  • Related: MSC Industrial Direct Q2 Results Surpass Expectations, Clocks 11% Sales Growth
  • The analyst boosted his FY22 EPS view to $6.10 from $5.83, citing better March sales growth and growing price realization.
  • Meanwhile, Dankert indicated that concerns remain in the market that price-to-cost may falter for MSC Industrial as ISM/MBI readings continue to moderate.
  • Keybanc analyst raised the price target on MSC Industrial to $100 (an upside of 16.7%) from $91 while maintaining an Overweight rating on the shares.
  • Price Action: MSM shares traded lower by 0.26% at $85.65 on the last check Thursday.

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