Grainger price target raised to $1,125 from $1,052 at Bernstein

Bernstein raised the firm’s price target on Grainger (GWW) to $1,125 from $1,052 and keeps a Market Perform rating on the shares. The firm notes Grainger is a leading MRO Distributor with 9% market share in a fragmented and consolidating industry. In a sector where scale amplifies competitive advantage, size matters, Bernstein says, with Grainger’s diversified 5k-plus supplier base and an estimated unique SKU count of 30M-plus translating to low-cost sourcing with greater product breadth and superior availability.