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
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。