Baird upgrades WW Grainger ratings ahead of Q3 results

WW Grainger

17/10/2024 13:38

** Baird upgrades industrial maintenance and safety products
supplier WW Grainger Inc  GWW.N  rating to "outperform" from
"neutral"
    ** Says combination of lower rates, secular drivers, and
easing election uncertainty should drive improved
industrial/commercial markets in 2025
    ** Raises target price to $1,230 from $975, a 10.51% upside
to stock's last close
    ** Co to announce Q3 results on Oct. 31
    ** Two of 18 brokerages rate the stock "strong buy", 15
"hold" and one "sell"; their median PT is $990 - LSEG data
    ** Up to last close, stock up 34% YTD

 (Reporting by Anshuman Tripathy in Bengaluru)
 ((Anshuman.Tripathy@thomsonreuters.com;))