J.P.Morgan raises PT on WW Grainger

WW Grainger

29/11/2024 13:10

** J.P.Morgan raises price target on industrial maintenance
and safety products supplier WW Grainger  GWW.N  to $1,125 from
$1,090 in a note dated Nov. 27; maintains "neutral" rating
    ** "While new competitors such as Amazon  AMZN.O  have
emerged with significant growth in B2B sales, and GWW faces
increased risks on this front, it has continued to expand its
business" - brokerage 
    ** 2 of 19 brokerages rate the stock "buy", 16 "hold" and 1
"sell"; their median PT is $1,125 - LSEG data
    ** Up to last close, GWW was up 45.52% YTD

 (Reporting by Anshuman Tripathy)
 ((Anshuman.Tripathy@thomsonreuters.com))