Grainger price target raised to $1,207 from $1,055 at RBC Capital

RBC Capital raised the firm’s price target on Grainger (GWW) to $1,207 from $1,055 and keeps a Sector Perform rating on the shares. The company posted an as-expected Q4 with better-than-expected Endless Assortment segment growth, the analyst tells investors in a research note. Grainger also reaffirmed its long-term growth algo, focused on outperforming the US MRO and extending growth in Japan, RBC added.