Grainger recent weakness creates buying opportunity, says Oppenheimer Oppenheimer believes that the recent decline in Grainger's stock was caused by volatile price realization, foreign exchange fluctuations, and growth investment. The firm thinks these factors are largely related to timing and circumstantial factors. It keeps a $290 price target and Outperform rating on the stock.
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.