Graco price target raised to $97 from $93 at RBC Capital

RBC Capital analyst Deane Dray raised the firm’s price target on Graco (GGG) to $97 from $93 and keeps an Outperform rating on the shares as part of a broader research note previewing 2025 for the Multi-Industry sector. Secular drivers like electrification, reshoring, and datacenters remain powerful growth drivers, and Trump 2.0 should be decidedly pro-business and tariffs should be a manageable risk, the analyst tells investors in a research note. RBC adds that its sees Graco as one of higher-quality Industrials as it generates a +25% operating margin even as it steps up growth investments, and these margins are supported by the strength of its distribution and ability to pass through price, new product development, exclusive focus on differentiated products, and its core competency in manufacturing.