Grainger price target raised to $1,144 from $1,097 at RBC Capital

RBC Capital raised the firm’s price target on Grainger (GWW) to $1,144 from $1,097 and keeps a Sector Perform rating on the shares. The company reported a modest 4% Q1 operating beat and reaffirmed guidance, including the initial tariff impact as it stands today, the analyst tells investors in a research note. Grainger is still working/negotiating with suppliers to assess tariff impacts, with an expectation that there should be some more clarity by midyear, the firm adds.