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RBC Capital Reaffirms Their Buy Rating on Graco (GGG)

Tipranks - Tipranks - Thu Jan 29, 6:40AM CST

RBC Capital analyst Deane Dray maintained a Buy rating on Graco yesterday and set a price target of $100.00. The company’s shares closed yesterday at $87.65.

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Dray covers the Industrials sector, focusing on stocks such as Emerson Electric Company, Wesco International, and Eaton. According to TipRanks, Dray has an average return of 13.4% and a 62.20% success rate on recommended stocks.

In addition to RBC Capital, Graco also received a Buy from TipRanks – OpenAI’s OpenAI Industrial – Machinery in a report issued yesterday. However, today, Robert W. Baird maintained a Hold rating on Graco (NYSE: GGG).

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Based on Graco’s latest earnings release for the quarter ending December 26, the company reported a quarterly revenue of $593.16 million and a net profit of $132.49 million. In comparison, last year the company earned a revenue of $548.67 million and had a net profit of $108.71 million

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