Wesco price target raised to $262 from $222 at RBC Capital

RBC Capital analyst Deane Dray raised the firm’s price target on Wesco (WCC) to $262 from $222 and keeps a Sector Perform rating on the shares. Another quarter of outsized 60% datacenter growth suggests that the management’s “mid-teens starting point” for datacenter growth in its 2026 framework is too conservative, the analyst tells investors in a research note. Other positives were the first double-digit growth in EES since Q4 of 2022, growth inflection at UBS, and upside 12% organic revenue growth, the firm added.