RBC Capital Maintains Outperform Rating for Graco: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
RBC Capital has maintained its Outperform rating for Graco (NYSE:GGG) but lowered its price target from $94.00 to $91.00. Graco's shares are currently trading down 1.35% at $79.16 per share. A move to $91.00 would represent a 14.96% increase from the current share price.
July 28, 2023 | 5:01 pm
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RBC Capital has maintained its Outperform rating for Graco but lowered its price target. This could potentially lead to a 14.96% increase in Graco's share price.
RBC Capital's decision to maintain its Outperform rating for Graco indicates a positive outlook for the company. However, the lowering of the price target may reflect some concerns. Despite this, the new target price still represents a significant potential increase from the current share price, which could positively impact Graco's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100