Loop Capital lowered the firm’s price target on Wesco (WCC) to $220 from $250 and keeps a Buy rating on the shares. Incredible growth within the datacenter business continues to drive strong performance, with Wesco now expecting sales above the midpoint of guidance, the analyst tells investors in a research note. While project mix and competitive dynamics present headwinds to gross margin, Loop continue to see Wesco as well positioned to deliver on expectations while cash deployment and rising pricing have the ability to drive upside, the firm added.
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Read More on WCC:
- Wesco price target lowered to $220 from $235 at Baird
- Wesco International’s Q1 2025 Earnings Overview
- Wesco International’s Earnings Call Highlights Growth and Challenges
- Wesco backs FY25 adjusted EPS view $12.00-$14.50, consensus $13.56
- Wesco sees Q2 revenue up mid-single digits to high-single digits
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