Grainger price target raised to $980 from $925 at BofA

BofA analyst Sabrina Abrams raised the firm’s price target on Grainger (GWW) to $980 from $925 and keeps an Underperform rating on the shares. Grainger reported Q4 EPS above BofA estimates, but the “key miss” was 2025 guidance, which came in short across sales, margins, and EPS, the analyst tells investors. The firm thinks macro guidance is “conservative and offers cushion if outgrowth disappoints,” noting that its raised target reflects a higher multiple to reflect peer-rerating.