New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 13, 2014
08:15 EDTGWWGrainger reports January salesup 3% vs. January 2013
Grainger sales results for January included 1% from acquisitions, net of dispositions, and a 2% decline from unfavorable foreign exchange. Excluding acquisitions and foreign exchange, organic sales increased 4% driven by 2% points from volume, 2% from price and 2% from strong sales of seasonal products, partially offset by a 2% decline from business disruptions due to the extreme weather that closed customer and Grainger facilities across North America at times during the month.
News For GWW From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
March 25, 2015
10:00 EDTGWWOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
09:10 EDTGWWGrainger upgraded to Buy from Hold at Gabelli
Subscribe for More Information
March 23, 2015
10:00 EDTGWWOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
06:03 EDTGWWU.S. Multi-Industry sector downgraded to Neutral at Barclays
Barclays downgraded the U.S. Multi-Industry space to Neutral from Overweight saying rising headwinds could limit share upside to mid-single-digit levels in 2015, with only slight improvement in 2016. The firm believes the credit cycle is peaking and views the U.S. Dollar strength along with lower oil prices as headwinds. Concurrent with sector rating change, Barclays downgraded Dover (DOV), Grainger (GWW), Xylem (XYL) and WESCO (WCC) to Equal Weight from Overweight. It also upgraded Tyco (TYC) to Overweight from Equal Weight and Lennox (LII) to Equal Weight from Underweight, calling both defensive names in the space. The firm is also "comfortable" owning General Electric (GE), Honeywell (HON), Sensata (ST) and HD Supply (HDS) at current levels. It prefers waiting for pullbacks to buy shares of 3M (MMM).
05:47 EDTGWWGrainger downgraded to Equal Weight from Overweight at Barclays
Barclays downgraded Grainger to Equal Weight after cutting its rating on the U.S. Industrial space to Neutral from Positive. The firm believes cycle risks could limit stock returns to mid-single-digit levels in 2015, with only a slight pickup in 2016. It dropped its price target for Grainger shares to $237 from $254.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use