Initiated Underweight X

GWW Grainger

Barclays

$963

Downgrades Peer Perform Underperform X

GWW Grainger

Wolfe Research

$966

Upgrades Mkt Perform Outperform X

GWW Grainger

William Blair

Resumed Neutral X

GWW Grainger

UBS

$1000 $1280

Initiated Neutral X

GWW Grainger

Northcoast

Downgrades Outperform Perform X

GWW Grainger

Oppenheimer

Upgrades Neutral Outperform X

GWW Grainger

Robert W. Baird

$975 $1230

Initiated Underperform X

GWW Grainger

BofA Securities

$925

Initiated Equal-Weight X

GWW Grainger

Morgan Stanley

$990

Downgrades Outperform Neutral X

GWW Grainger

Robert W. Baird

$1000 $975

Upgrades Eq-Weight Overweight X

GWW Grainger

Stephens

$1000 $1250

Downgrades Buy Hold X

GWW Grainger

Loop Capital

$925 $1000

Reiterated Outperform X

GWW Grainger

Oppenheimer

$800 $930

Downgrades Buy Neutral X

GWW Grainger

UBS

$815 $820

Upgrades Underperform Sec Perform X

GWW Grainger

RBC Capital Mkts

$502 $679

Downgrades Overweight Neutral X

GWW Grainger

Atlantic Equities

$630

Downgrades Outperform Peer Perform X

GWW Grainger

Wolfe Research

Resumed Buy X

GWW Grainger

Jefferies

$642 $600

Downgrades Eq-Weight Underweight X

GWW Grainger

Morgan Stanley

$562 $480

Upgrades Neutral Overweight X

GWW Grainger

Atlantic Equities

$580

Upgrades Underweight Neutral X

GWW Grainger

Atlantic Equities

$435

Downgrades Neutral Underweight X

GWW Grainger

Atlantic Equities

Upgrades Underperform Hold X

GWW Grainger

Gordon Haskett

Downgrades Hold Underperform X

GWW Grainger

Gordon Haskett

Upgrades Add Buy X

GWW Grainger

Peel Hunt

Upgrades Neutral Outperform X

GWW Grainger

Macquarie

Initiated Hold X

GWW Grainger

Jefferies

$300

Initiated Underweight X

GWW Grainger

Morgan Stanley

$265

Initiated Neutral X

GWW Grainger

Buckingham Research

$325

Initiated Hold X

GWW Grainger

Gordon Haskett

Downgrades Buy Hold X

GWW Grainger

Gabelli & Co

Reiterated Market Perform X

GWW Grainger

BMO Capital Markets

$255 $267

Downgrades Outperform Neutral X

GWW Grainger

Robert W. Baird

Resumed Neutral X

GWW Grainger

Goldman

GWW  W.W. Grainger, Inc.

WW Grainger, Inc. (Grainger) is a distributor of maintenance, repair and operating (MRO) supplies and other related products and services. The Company offers its products and services to businesses and institutions in the United States and Canada, with presence also in Europe, Asia and Latin America. The Company operates through two segments, which include the United States and Canada. The Company's business support functions provide coordination and guidance in the areas of accounting and finance, business development, communications and investor relations, compensation and benefits, information systems, health and safety, global supply chain functions, human resources, risk management, internal audit, legal, real estate, security, tax and treasury. The Company's other businesses also include Zoro Tools, Inc. (Zoro), the single channel online business in the United States, MonotaRO Co. (MonotaRO) in Japan, and operations in Europe, Asia and Latin America.