7/104 sources · 3 publishersUpdated Oct 23, 20:39 UTC
Jefferies and Stephens upgrade MSC Industrial Direct after Q4 earnings drop
Jefferies upgraded MSC Industrial Direct (MSM) to Buy and raised its price target to $135, while Stephens upgraded the stock to Overweight with the same target. The upgrades followed a 15% share decline after the company reported fiscal Q4 earnings of $1.45 per share and revenue of $1.08 billion, despite a $42 million impairment charge. MSC Industrial’s shares rose about 2‑3% on the news.
Why it matters
The higher price targets and upgraded ratings suggest analysts expect margin expansion and volume growth, which could support a price rally for MSM. Investors may see the upgrades as a catalyst for short‑term upside.
Key facts
- 1Jefferies upgraded MSC Industrial Direct to Buy and set a price target of $135, up from $130. investing.com
- 2Stephens upgraded MSC Industrial Direct to Overweight and also set a price target of $135. investing.com
- 3The upgrades came after a 15% share decline, with the stock trading at $112.43. investing.com
- 4MSC Industrial reported fiscal Q4 adjusted earnings of $1.45 per share, beating the $1.40 estimate. investing.com
- 5Fiscal Q4 revenue was $1.08 billion, slightly above the $1.07 billion forecast. investing.com
- 6The company recorded a $42 million impairment charge in the quarter. investing.com
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.