MSC Industrial Direct downgraded from 'outperform' to 'neutral' by Robert W. Baird, with a new target price of $95.
Robert W. Baird downgraded MSC Industrial Direct (NYSE:MSM) from 'outperform' to 'neutral', setting a new target price of $95, following recent upgrades from Stephens to 'overweight' and StockNews.com to 'buy'. The company reported $1.18 EPS for the latest quarter, beating analysts' expectations by $0.02. MSC Industrial Direct also announced a $0.83 per share quarterly dividend, representing a $3.32 annualized dividend and a yield of 3.87%.
June 01, 2024
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