W.W. Grainger’s Price Target, Earnings Estimates Upped at FBR Capital (GWW)
Created by Dividend.com
Facilities maintenance company W.W. Grainger, Inc. (GWW
) saw its price target and earnings estimates lifted on Thursday by analysts at FBR Capital Markets.
The analyst boosted its earnings estimates on GWW through 2011, and also set a new price target on the stock of $123. W.W. Grainger shares had closed at $98.25 on Wednesday. FBR Capital currently rates the stock as an “Outperform.” estimates were raised through 2011, Friedman,
The analyst justified the upgrade by noting GWW has “high exposure to an early-cycle recovery.”
W.W. Grainger shares were unchanged in premarket trading Thursday.
The Bottom Line
We have been recommending shares of GWW since Sept.16, when the stock was trading at $89.23 The company has a dividend yield of 1.87%, based on last night’s closing stock price of $98.25.
W.W. Grainger, Inc. (GWW) is a “recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.5 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.
