JPMorgan lowered the firm’s price target on Grainger (GWW) to $1,035 from $1,125 and keeps a Neutral rating on the shares. The firm updated estimates for the U.S. distributors to reflect the recent earnings results. Market volumes remained challenged despite strength in some verticals, but no worse than expected outside of residential heating, ventilation, and air conditioning, the analyst tells investors in a research note. JPMorgan says volume expectations remain muted in the back half of 2025.
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