UBS Upgrades W.W. Grainger to “Buy”; Pullback Provides Buying Opportunity (GWW)

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Facilities maintenance supplier W.W. Grainger, Inc. ( GWW ) on Friday caught a big upgrade from analysts at UBS.

The firm boosted its rating on GWW from "Neutral" to "Buy" with a $225 price target, suggesting a 21% upside to the stock's Thursday closing price of $185.74. UBS noted the stock's recent pullback has created a buying opportunity in a high-quality growth story.

W.W. Grainger shares were unchanged in premarket trading Friday.

The Bottom Line
Shares of W.W. Grainger ( GWW ) have a 1.72% dividend yield, based on last night's closing stock price of $185.74. The stock has technical support in the $170-$180 price area. If the shares can firm up, we see overhead resistance around the $190-$196 price levels.

W.W. Grainger, Inc. ( GWW ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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