Analyst List

Atlantic EquitiesRichard Radbourne
BarclaysScott Davis
BB&T Capital MarketsCharles Redding
Cleveland Research CompanyAdam Uhlman
Credit SuisseFlavio Campos
Deutsche Bank Securities, Inc.John Inch
FBR Capital MarketsAjay Kejriwal
Gabelli and CompanyJustin Bergner
Goldman SachsJoe Ritchie
Longbow ResearchEli Lustgarten
Morgan StanleyNigel Coe
MorningstarKwame Webb
Oppenheimer & CompanyChristopher Glynn
Raymond JamesSam Darkatsh
RBC Capital MarketsDeane Dray
Robert W. BairdDavid Manthey
Stephens, Inc.Matt Duncan
StifelRob McCarthy
Susquehanna Financial GroupRobert Barry
Thompson Research GroupBrent Rakers
UBSWinnie Clark
Wells FargoAllison Poliniak-Cusic
William Blair & Company, LLCRyan Merkel
Grainger is followed by the analysts listed above. Please note that any opinions, estimates or forecasts regarding Grainger's performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Grainger or its management. Grainger does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.

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