Jefferies analyst Stephen Volkmann maintains $WESCO International (WCC.US)$ with a buy rating, and maintains the target price at $205.
According to TipRanks data, the analyst has a success rate of 67.5% and a total average return of 19.4% 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 investor day presentation confirmed its 2024 outlook and long-term guidance, creating anticipation for significant mergers and acquisitions in the coming years. Furthermore, it is expected that the company's margins and earnings will experience a positive trajectory due to several enduring secular trends, improved digital competencies, and lucrative services.
Wesco's latest analyst event garnered positive reactions, with the market developing a deeper understanding of the company's digital investments and potential in and around the data center sector. Additionally, Wesco provided more clarity on its prospects for future mergers and acquisitions. There's a positive outlook up to 2025 based on the resurgence of utility and broadband investments coupled with sustained secular tailwinds.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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