UBS Downgrades W.W. Grainger to Neutral, Raises Price Target to $820
Portfolio Pulse from richadhand@benzinga.com
UBS analyst Joseph Parkhill has downgraded W.W. Grainger (NYSE:GWW) from Buy to Neutral, while raising the price target from $815 to $820.
July 12, 2023 | 10:28 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
W.W. Grainger has been downgraded to Neutral from Buy by UBS, with a raised price target of $820.
The downgrade from Buy to Neutral indicates a less optimistic outlook for the company's stock, which could potentially lead to a slowdown in its price appreciation. However, the raised price target suggests that the analyst still sees some upside potential, albeit less than before. This mixed signal could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100