Oppenheimer reported that they have increased their price target for maintenance and repair company, W.W. Grainger, Inc.(GWW) on Friday.

The firm, which currently has an “Outperform” rating on GWW, has raised its price target to $245. This price target suggests a 12% increase from the stock’s current price of $214.97.

Analysts have increased their price target due to a growth in sales in January, which are up from December.

W.W. Grainger shares were mostly flat during Friday morning trading. The stock has increased 10% in the past year.

The Bottom Line
Shares of W.W. Grainger (GWW) have a 1.49% dividend yield, based on last night’s closing stock price of $214.31. The stock has technical support in the $204-$205 price area. The stock is trading near the all-time highs of $220 a share.

W.W. Grainger, Inc.(GWW) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 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.