RBC Capital Maintains Outperform Rating for Graco: Here's What You Need To Know

RBC Capital has decided to maintain its Outperform rating of Graco GGG and lower its price target from $94.00 to $91.00.

Shares of Graco are trading down 1.35% over the last 24 hours, at $79.16 per share.

A move to $91.00 would account for a 14.96% increase from the current share price.

About Graco

Graco manufactures equipment used for managing fluids, coatings, and adhesives, specializing in difficult-to-handle materials. Graco's business is organized into three segments: industrial, process, and contractor. The Minnesota-based firm serves a wide range of end markets, including industrial, automotive, and construction, and its broad array of products include pumps, valves, meters, sprayers, and equipment used to apply coatings, sealants, and adhesives. The firm generated roughly $2.1 billion in sales and $573 million in operating income in 2022.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.