DA Davidson Reiterates Neutral Rating on Graco Inc. (GGG)

DA Davidson analyst Matt Summerville reiterated a Neutral rating and $85.00 price target on Graco Inc. (NYSE: GGG).

The analyst commented, "Post close, GGG reported 3Q sales below our model with adjusted OP and EPS matching our forecast. Core sales contracted 2%, led by LSD declines in Contractor (particularly NA) and Industrial, partially offset by a LSD rise in Expansion Markets. GGG reiterated its LSD organic sales outlook for 2025, as recent tariff-driven price increases have taken hold and compares ease, the latter particularly evident in Contractor – all against a backdrop of stable order rates. GGG’s B/S remains solid with net cash ($580M+) following 4.4M shares repurchased YTD. We rate GGG shares NEUTRAL/ PT $85."

For an analyst ratings summary and ratings history on Graco Inc. click here. For more ratings news on Graco Inc. click here.

Shares of Graco Inc. closed at $81.61 yesterday.

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