On Nov 02, major Wall Street analysts update their ratings for $WESCO International (WCC.US)$, with price targets ranging from $223 to $230.
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.
Raymond James analyst Sam Darkatsh maintains with a buy rating, and adjusts the target price from $200 to $230.
Furthermore, according to the comprehensive report, the opinions of $WESCO International (WCC.US)$'s main analysts recently are as follows:
Wesco's recent quarterly earnings surpassed expectations. The company's performance across various end markets remained relatively stable compared to the previous sequence, with sectors such as utility, broadband, industrial, and solar experiencing fluctuations but not deteriorating. Additionally, the firm's datacenter segment showcased a notable positive trend, achieving a remarkable 40% growth.
The firm indicated that the in-line results and guidance from Wesco were greeted with a notable relief rally. This reaction suggests that investors had braced for a potential shortfall or reduction in forecasts, as evidenced by the increased short interest leading up to the investor day.
The company's shares have shown outperformance subsequent to the third-quarter earnings surpass, which was propelled by robust results in the Data Center sector, more than compensating for the persisting softness in the Utility and Broadband segments. Analysts maintain a positive outlook on the company's potential to foster long-term expansion and consider it well-situated to capitalize on a number of secular growth trends that continue to demonstrate vigorous progress.
Here are the latest investment ratings and price targets for $WESCO International (WCC.US)$ from 4 analysts:
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