MSC Industrial price target raised to $90 from $85 at Jefferies

Jefferies raised the firm’s price target on MSC Industrial (MSM) to $90 from $85 and keeps a Hold rating on the shares following Q2 results. Jefferies tweaked its FY26 topline forecast to reflect modestly improving industrial end markets through the second half, while modeling just modest outgrowth, primarily driven by price. While the firm is constructive on improving industrial end market dynamics, it told investors in a research note that it remains on the sidelines for now as it awaits ongoing initiatives to drive sustainable outgrowth as volumes recover.