WW Grainger (NYSE:GWW) EPS Estimates Raised by UBS (NYSE:UBS)

UBS (NYSE:UBS) said they're EPS estimates on WW Grainger (NYSE:GWW), based on "macro tailwinds."

UBS said, "To reflect incremental comfort around macro tailwinds, which are underpinned by Federal tax relief, strong corporate B/S’s, greater confidence among US corporates in a US recovery, and ISM momentum, we’re upping our 2010, 2011 and 2012 EPS to $6.66, $7.70 and $8.60 from $6.63, $7.55 and $8.54, respectively."

UBS maintains a "Neutral" rating on WW Grainger, which closed Tuesday at $139.23, down $0.31, or 0.22 percent. UBS raised their price target on them from $135 to $140.