KeyBanc upgraded MSC Industrial (MSM) to Overweight from Sector Weight with a $117 price target after meeting with management. The firm believes the company “has a solid line of sigh” toward generating stronger operating leverage, driven by improving cycle volumes and further cost-out benefits. The analyst thinks MSC’s bull-case earnings power could exceed $6 per share by fiscal 2027. It cites better operating leverage under the new CEO for the upgrade.
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