Sterne Agee: W.W. Grainger, Inc. (NYSE:GWW), (HDS) - Sterne Agee CRT Initiates Coverage On Distribution Group Amid 'Extremely Low' Expectations

Sterne Agee CRT's Hamzah Mazar initiated coverage of the Distribution Group, saying that expectations remained "extremely low" since forecasts reflected both secular and cyclical gross margin headwinds. The Group may be helped by operating margin offsets, balance sheet catalysts due to under-levered balance sheets, and easier comps in the back half of 2016. Latest Ratings for GWW DateFirmActionFromTo Mar 2016Sterne Agee CRTInitiates Coverage onBuy Mar 2016Stifel NicolausMaintainsBuy Jan 2016BarclaysMaintainsEqual-weight View More Analyst Ratings for GWW View the Latest Analyst Ratings