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W.W. Grainger’s Target, Estimates Lifted at Credit Suisse and Oppenheimer (GWW)

By Dividend.com,  April 18, 2012, 10:15:18 AM EDT

Facilities maintenance specialist W.W. Grainger, Inc. ( GWW ) on Wednesday received some bullish commentary from analysts at two major Wall Street firms.

Credit Suisse maintained its "Outperform" rating on GWW and boosted its price target to $244. That new target suggests a 13% upside to the stock's Tuesday closing price of $215.63. The firm also raised its earnings estimates for the company, citing continued market share gains.

Meanwhile, Oppenheimer & Co. maintained its "Perform" rating on GWW but upped its price target to $230. The analyst also boosted its earnings estimates due to significant earnings leverage to volume.

These two analyst moves come on the heels of GWW's solid first quarter earnings report on Tuesday.

W.W. Grainger shares were mostly flat in morning trading Wednesday.

The Bottom Line
Shares of W.W. Grainger ( GWW ) have a 1.22% dividend yield, based on last night's closing stock price of $215.63. The stock has technical support in the $200-$210 price area. The stock is trading near all-time highs of $220 a share.

W.W. Grainger, Inc. ( GWW ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 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.


This article appears in: Investing, Stocks

Referenced Stocks: GWW



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