Analysts Offer Insights on Services Companies: WW Grainger (NYSE: GWW) and Omnicom Group (NYSE: OMC)

By Ryan Adsit

Companies in the Services sector have received a lot of coverage today as analysts weigh in on WW Grainger (NYSE: GWW) and Omnicom Group (NYSE: OMC).

WW Grainger (NYSE: GWW)

RBC Capital analyst Deane Dray reiterated a Sell rating on WW Grainger (NYSE: GWW) yesterday and set a price target of $166. The company’s shares opened today at $195.35.

According to TipRanks.com, Dray is a 4-star analyst with an average return of 3.9% and a 59.5% success rate. Dray covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Emerson Electric Company, and United Technologies Corp.

Currently, the analyst consensus on WW Grainger is Hold and the average price target is $210, representing a 7.5% upside.

In a report released today, Credit Suisse also downgraded the stock to Sell with a $175 price target.
Omnicom Group (NYSE: OMC)

RBC Capital analyst Steven Cahall reiterated a Buy rating on Omnicom Group (NYSE: OMC) yesterday and set a price target of $96. The company’s shares opened today at $83.55.

According to TipRanks.com, Cahall is a 4-star analyst with an average return of 6.0% and a 71.3% success rate. Cahall covers the Services sector, focusing on stocks such as Interpublic Group of Companies, Regal Entertainment, and Caci International.

Omnicom Group has an analyst consensus of Hold, with a price target consensus of $85.50.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.