There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on Wal-Mart Stores Inc (NYSE:WMT) and WW Grainger (NYSE:GWW) with bullish sentiments.
Wal-Mart Stores Inc (WMT)
Guggenheim analyst Robert Drbul maintained a Buy rating on Wal-Mart Stores Inc today and set a price target of $110. The company’s shares opened today at $94.70.
Drbul noted:
“We note a few key standouts from WMT’s financial plan (and our store tours). We await further detail from today’s meeting prior to updating our forecasts. We remain $110 PT.”
According to TipRanks.com, Drbul is a 5-star analyst with an average return of 15.3% and a 72.6% success rate. Drbul covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Ascena Retail Group, and Ralph Lauren Corp.
Wal-Mart Stores Inc has an analyst consensus of Moderate Buy, with a price target consensus of $108, representing a 14.0% upside. In a report issued on October 9, Deutsche Bank also upgraded the stock to Buy with a $113 price target.
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WW Grainger (GWW)
In a report released today, Christopher Glynn from Oppenheimer maintained a Buy rating on WW Grainger. The company’s shares opened today at $290.
According to TipRanks.com, Glynn is a 5-star analyst with an average return of 9.3% and a 63.6% success rate. Glynn covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and Roper Technologies.
WW Grainger has an analyst consensus of Hold, with a price target consensus of $339.29.
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