UBS Cuts Price Target to $210 on Grainger (GWW) Following 3c EPS Miss

UBS maintained a Neutral rating on WW Grainger (NYSE: GWW), and cut the price target to $210.00 (from $225.00), following the company's 3Q15 earnings report. Grainger posted 3Q15 adjusted EPS of $3.03 vs. consensus estimate of $3.06.

Analyst Shannon O'Callaghan commented, "Grainger posted 3Q15 adjusted EPS of $3.03 vs. our $3.16 estimate and consensus $3.06 driven by a $0.08 miss at the segment level (-$0.02 U.S.; -$0.03 Canada; -$0.01 Other Businesses; -$0.02 unallocated expense). Organic revenues were flat vs. our +1.5% estimate and down from +3% in 2Q, while pricing remains difficult (-1% vs. -1% in 2Q). October sales ex-Cromwell are tracking down MSD."

For an analyst ratings summary and ratings history on WW Grainger click here. For more ratings news on WW Grainger click here.

Shares of WW Grainger closed at $207.65 yesterday.

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