UBS reported on Thursday that they have downgraded operating supplies distributor, W.W. Grainger, Inc.(GWW) to “Neutral.”
The firm reported that they have downgraded the company from a “Buy” to “Neutral,” and has given the company a $202 price target. This price target suggests a 4% increase over the stock’s current price of $192.21.
Analysts predict that the company will continue to lose market share.
W.W. Grainger shares were mostly flat during premarket trading Thursday. The stock is up 2.68% YTD.
The Bottom Line
Shares of W.W. Grainger (GWW) have a 1.66% dividend yield, based on last night’s closing stock price of $192.21. The stock has technical support in the $185 price area. If the shares can firm up, we see overhead resistance around the $200-$203 price levels.
W.W. Grainger, Inc.(GWW) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
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