BUZZ-BofA initiates coverage for WW Grainger with "underperform" rating

Reuters

2024/10/08

** BofA Global Research initiates coverage for industrial maintenance and safety products supplier WW Grainger with "underperform" rating at $925

** PT represents 10% downside to stock's last close

** Brokerage expects co's slow market share gains and contracted margins to continue

** BofA expects faster growth in co's lower-margin e-commerce businesses will contribute to margin headwinds

** Peers have done better head-to-head in specific products than GWW -BofA

** 2 of 18 brokerages rate stock "strong buy", 15 "hold" and one "sell"; median PT is $973 - LSEG

** As of last close, GWW up 24.7% YTD

(Reporting by Anshuman Tripathy in Bengaluru)

((Anshuman.Tripathy@thomsonreuters.com))

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median PT is $973 - LSEG</p><p>   ** As of last close, GWW up 24.7% YTD</p><p> (Reporting by Anshuman Tripathy in Bengaluru)</p><p>((Anshuman.Tripathy@thomsonreuters.com))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GWW","symbol_name":"美国固安捷","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2473483155","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2473483155","pubTimestamp":1728318345,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"** BofA Global Research initiates coverage for industrial maintenance and safety products supplier WW Grainger    with \"underperform\" rating at $925   ** PT represents 10% downside to stock's last close   ** Brokerage expects co's slow market share gains and contracted margins to continue   ** BofA expects faster growth in co's lower-margin e-commerce businesses will contribute to margin headwinds   ** Peers have done better head-to-head in specific products than GWW -BofA   ** 2 of 18 brokerages rate stock \"strong buy\", 15 \"hold\" and one \"sell\"; 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