January 14, 2013 at 08:44 AM EST
Wunderluich Upgrades W.W. Grainger (GWW)

Wunderluich reported on Monday that they have upgraded maintenance distributor, W.W. Grainger, Inc.(GWW).

The firm has increased their rating on GWW from a “Hold” to a “Buy,” and has given the company a $255 price target. This price target suggest a 18% upside from the stock’s current price of $204.63.

Analysts at the firm have upgraded the company due to a positive analyst meeting and better than expected guidance.

W.W. Grainger shares were mostly flat during premarket trading Monday. The stock has increased 4% in the past year.

The Bottom Line
Shares of W.W. Grainger (GWW) have a 1.56% dividend yield, based on Friday’s closing stock price of $204.63. The stock has technical support in the $190-$195 price area. If the shares can firm up, we see overhead resistance around the $210-$215 price levels.

W.W. Grainger, Inc.(GWW) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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