Grainger price target raised to $1,215 from $990 at Morgan Stanley

Morgan Stanley analyst Christopher Snyder raised the firm’s price target on Grainger (GWW) to $1,215 from $990 and keeps an Equal Weight rating on the shares. The firm is raising its EPS forecasts on organic and gross margin upside, telling investors that Grainger is one of the only U.S. Industrial short-cycle names where the firm sees organic upside into FY25.