BUZZ-J.P.Morgan raises PT on WW Grainger

Reuters

2024/11/29

** J.P.Morgan raises price target on industrial maintenance and safety products supplier WW Grainger GWW.N to $1,125 from $1,090 in a note dated Nov. 27; maintains "neutral" rating

** "While new competitors such as Amazon AMZN.O have emerged with significant growth in B2B sales, and GWW faces increased risks on this front, it has continued to expand its business" - brokerage

** 2 of 19 brokerages rate the stock "buy", 16 "hold" and 1 "sell"; their median PT is $1,125 - LSEG data

** Up to last close, GWW was up 45.52% YTD

(Reporting by Anshuman Tripathy)

((Anshuman.Tripathy@thomsonreuters.com))

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