WW Grainger was Downgraded to a Sell Rating at Credit Suisse

By Carrie Williams

In a report released today, Andrew Buscaglia from Credit Suisse downgraded WW Grainger (NYSE: GWW) to Sell, with a price target of $175. The company’s shares closed yesterday at $197.57.

According to TipRanks.com, Buscaglia is a 3-star analyst with an average return of 6.6% and a 71.4% success rate. Buscaglia covers the Services sector, focusing on stocks such as Wesco International, HD Supply Holdings, and MSC Industrial.

Currently, the analyst consensus on WW Grainger is Hold and the average price target is $243.33, representing a 23.2% upside.

In a report issued on April 10, RBC Capital also reiterated a Sell rating on the stock with a $209 price target.

WW Grainger’s market cap is currently $13.03B and has a P/E ratio of 20.20. The company has a book value ratio of 6.0209.

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W.W. Grainger, Inc. operates as a distributor of maintenance, repair and operating products. The company offers maintenance, repair and operating supplies and other related products and services through local branches, catalogs and the Internet. It offers a combination of product breadth, local availability, speed of delivery, detailed product information and competitively priced products and services. Its products include material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, forestry and agriculture equipment, building and home inspection supplies, vehicle and fleet components and many other items primarily focused on the facilities maintenance market. The company also provides inventory management and energy efficiency solutions. W.W. Grainger was founded by William Wallace Grainger in 1927 and is headquartered in Lake Forest, IL.