Grainger price target raised to $1,100 from $1,000 at Loop Capital

Loop Capital raised the firm’s price target on Grainger (GWW) to $1,100 from $1,000 and keeps a Hold rating on the shares. The company’s earnings growth framework calls for roughly stable gross margin as volume gains are offset by mix headwinds and increasing 3rd party SKU exposure, the analyst tells investors in a research note. Grainger could also be a key beneficiary from the combination of modest inventory pre-buy and recently announced tariffs on China, Canada, and Mexico, the firm adds.