Evaluating market performance charts
Markets

W.W. Grainger’s Target, Estimates Boosted at Goldman Sachs (GWW)

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.

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 Nasdaq, Inc.

Created by Dividend.com


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

In This Story

GWW

Other Topics

Stocks

Latest Markets Videos