Barclays initiated coverage of Wesco (WCC) with an Overweight rating and $258 price target The company benefits from a positive mix of growth, long-cycle, and cyclical short-cycle end-markets, which include datacenters and industrial automation, the analyst tells investors in a research note. The firm added that, long term, the new digital platform could enable further automation investments, if Wesco chooses to follow that route.
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