Morgan Stanley Maintains Underweight on W.W. Grainger, Raises Price Target to $647
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Stephen Grambling maintains an Underweight rating on W.W. Grainger (NYSE:GWW) and raises the price target from $600 to $647.
July 12, 2023 | 1:49 pm
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Morgan Stanley maintains an Underweight rating on W.W. Grainger and raises the price target from $600 to $647.
The news directly pertains to W.W. Grainger as Morgan Stanley maintains an Underweight rating on the company. The price target has been raised from $600 to $647, which indicates a potential upside. However, the Underweight rating suggests that the analyst believes the stock may underperform the market, which could have a neutral to negative impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100