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Stock Market & Financial Investment News

News Breaks
March 13, 2013
06:43 EDTGWWGrainger downgraded to Hold from Buy at BB&T
News For GWW From The Last 14 Days
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November 12, 2014
14:03 EDTGWWGrainger to increast investment in single channel online business
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14:01 EDTGWWGrainger reiterates 16%-17% operating margins by 2019
The margin improvement is expected to come from organic sales growth in the high single digits and long term operating margin expansion averaging 30 to 60 basis points per year. For reference, Grainger's operating margin in 2014 is expected to be 14.3%, excluding restructuring charges and unusual items.
14:00 EDTGWWGrainger to refocus international portfolio, to exit Brazil
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13:54 EDTGWWGrainger reports October sales increased 6% vs. last year
Grainger reported sales results for the month of October. Sales increased 6% versus October 2013. Results for the month included a 1 percentage point contribution from acquisitions, net of dispositions, and a 2 percentage points decline from unfavorable foreign exchange. Excluding acquisitions and foreign exchange, organic sales increased 7% driven by 6 percentage points of volume growth and a 1 percentage point contribution from sales of Ebola-related safety products. The month of October had 23 selling days, the same as October 2013. Q4 will have 64 selling days, the same as 4Q13.
13:51 EDTGWWGrainger expects FY15 EPS $12.90-$13.80, consensus $13.67
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13:50 EDTGWWGrainger reiterates FY14 EPS guidance $12.20-$12.30, consensus $12.26
The company reiterated its sales growth forecast of 5%-5.5%, consensus $9.96B.
13:49 EDTGWWGrainger expects Q4 EPS $2.75-$2.85, consensus $2.83
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November 11, 2014
09:29 EDTGWWGrainger to host analyst meeting
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November 10, 2014
06:47 EDTGWWGrainger downgraded to Sell from Hold at Deutsche Bank
Deutsche Bank downgraded Grainger to Sell saying the valuation looks "excessive" following the recent rally in shares. Deutsche thinks pricing pressure and competition will make 2015 a challenging year for the company. The firm lowered its price target for shares to $225 from $272.

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