UPDATE: Bank Of America Upgrades Grainger To Buy

According to Bank of America, Grainger

is upgraded to Buy. Bank of America said that it is upgrading its rating on Grainger to Buy from Neutral. “Our forecast estimates decline slightly by 15 cents this year to $8.70, by 25 cents next year to $9.90 and by 20 cents in 2013 to $11.30.” Grainger closed on Friday at $135.84.