RBC Capital analyst Deane Dray maintains $WESCO International (WCC.US)$ with a hold rating, and adjusts the target price from $171 to $187.
According to TipRanks data, the analyst has a success rate of 63.1% and a total average return of 13.7% over the past year.
Furthermore, according to the comprehensive report, the opinions of $WESCO International (WCC.US)$'s main analysts recently are as follows:
The company's recent investor day presentation reinforced its 2024 outlook and long-term guidance, creating anticipation for significant mergers and acquisitions in the medium term. In addition to potential M&A activities, the company's margin and earnings growth are poised to gain from ongoing secular trends, improved digital capabilities, and profitable services.
The market positively received the company's recent analyst event, which provided investors with a deeper understanding of its digital investments and prospects related to the data center sector. Additionally, the company shared more details on potential mergers and acquisitions. The outlook towards 2025 appears favorable due to the expected resurgence in utility and broadband investments, along with persistent secular growth drivers.
Note:
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