Facilities maintenance specialist W.W. Grainger, Inc. ( GWW ) on Tuesday saw its price target and earnings estimates raised by analysts at Goldman Sachs.
The firm maintained its "Neutral" rating on GWW but lifted its price target to $156, suggesting a small 3% upside to the stock's Monday closing price of $151.72.
Goldman Sachs also said it boosted its earnings estimates for the company through 2013, citing higher realized sales growth.
W.W. Grainger shares were unchanged in premarket trading Tuesday.
The Bottom Line
Shares of W.W. Grainger ( GWW ) have a 1.74% dividend yield, based on last night's closing stock price of $151.72. The stock has technical support in the $138-$141 price area. If the stock can firm up, we see overhead resistance around the all-time high levels of $155-$161 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.
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