On Nov 01, major Wall Street analysts update their ratings for $WESCO International (WCC.US)$, with price targets ranging from $199 to $225.
Baird analyst David Manthey maintains with a buy rating, and adjusts the target price from $215 to $223.
Oppenheimer analyst Christopher Glynn maintains with a buy rating, and adjusts the target price from $190 to $225.
KeyBanc analyst Kenneth Newman maintains with a buy rating, and adjusts the target price from $195 to $225.
RBC Capital analyst Deane Dray maintains with a hold rating, and adjusts the target price from $186 to $199.
Furthermore, according to the comprehensive report, the opinions of $WESCO International (WCC.US)$'s main analysts recently are as follows:
The company's end-market dynamics have largely stayed the same sequentially, with sectors like utility, broadband, industrial, and solar experiencing variability without further deterioration. Additionally, the firm's datacenter business has shown a notably positive trend, demonstrating a remarkable 40% growth.
The firm noted that Wesco's consistent results and outlook aligned with expectations, which led to a significant relief rally. This reaction was notable as it appeared investors had braced for a potential shortfall or reduction in guidance, a sentiment reflected in the increasing short interest prior to the company's investor day.
The company's stock has outperformed following their third-quarter earnings surpassing expectations, primarily due to robust Data Center performance, which has compensated for the sustained softness in Utility and Broadband sectors. Analysts maintain a positive long-term growth outlook for the company, considering it well-situated to capitalize on several long-term growth trends that continue to exhibit vigor.
Here are the latest investment ratings and price targets for $WESCO International (WCC.US)$ from 4 analysts:
Note:
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