BUZZ-Baird upgrades WW Grainger ratings ahead of Q3 results

Reuters20:38

** Baird upgrades industrial maintenance and safety products supplier WW Grainger Inc rating to "outperform" from "neutral"

** Says combination of lower rates, secular drivers, and easing election uncertainty should drive improved industrial/commercial markets in 2025

** Raises target price to $1,230 from $975, a 10.51% upside to stock's last close

** Co to announce Q3 results on Oct. 31

** Two of 18 brokerages rate the stock "strong buy", 15 "hold" and one "sell"; their median PT is $990 - LSEG data

** Up to last close, stock up 34% YTD

(Reporting by Anshuman Tripathy in Bengaluru)

((Anshuman.Tripathy@thomsonreuters.com;))

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