UPDATE: Goldman Sachs Downgrades W.W. Grainger

In a report issued Tuesday, Goldman Sachs Downgraded W.W. Grainger (NYSE: GWW ) to Sell from Neutral and lowered the price target to $232 from $250. Goldman Sachs' Joe Ritchie noted, "Over the last 3 months, GWW has under-performed our coverage by about 1,100 basis points due to disappointing guidance