W.W. Grainger (GWW) is poised for organic and gross margin upside into 2025, Morgan Stanley said in a note Tuesday.
"We view [W.W. Grainger] and US industrial distributors more broadly as under-appreciated beneficiaries of US reshoring," the investment bank said.
The company's Q4 earnings per share is expected to be $9.96, which is at the high end of the $9.41 to $10.11 implied guide, Morgan Stanley said.
The firm said that for 2025 to 2026, it forecasts organic growth of 5% to 6% for the company's High-Touch business and mid-teens organic growth for its Endless Assortment segment.
Morgan Stanley anticipates the company's gross margin turning positive year over year in the first half of 2025, which will boost its operating leverage and earnings per share growth.
The firm boosted W.W. Grainger's price target to $1,215 from $990 and maintained its equalweight rating.
Price: 1172.41, Change: +0.27, Percent Change: +0.02
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。