Grainger raises 2013 sales growth outlook to 3%-9% from 2%-8% Grainger raised its 2013 sales guidance to a new range of 3%-9% growth. The company's previous 2013 sales guidance was 2%-8% growth issued on November 14, 2012. The increase in sales guidance reflects the December 31, 2012, acquisition of Techni-Tool, which had sales in 2011 of $88M.
Grainger downgraded to Neutral from Outperform at Baird Baird downgraded Grainer to Neutral from Overweight as U.S. economic trends are progressively later-cycle, raising overall risk profiles for distributors with industrial exposure. Baird lowered its price target to $240 from $258 on Grainger shares.