W.W. Grainger Downgraded at UBS (GWW)
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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