UBS Maintains Neutral on W.W. Grainger, Raises Price Target to $1000
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Chris Snyder maintains a Neutral rating on W.W. Grainger (NYSE:GWW) and raises the price target from $740 to $1000.

March 14, 2024 | 1:49 pm
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UBS analyst Chris Snyder maintains a Neutral rating on W.W. Grainger but raises the price target from $740 to $1000.
The increase in the price target from $740 to $1000 by UBS analyst Chris Snyder suggests a positive outlook on the stock's value, potentially leading to short-term price appreciation. However, the maintenance of a Neutral rating indicates that the analyst sees the stock as fairly valued at its current price, balancing the potential for both upside and downside.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90