Wesco price target raised to $415 from $340 at KeyBanc

KeyBanc raised the firm’s price target on Wesco (WCC) to $415 from $340 and keeps an Overweight rating on the shares. Following Wesco’s solid Q1 beat and raised FY26 outlook, the firm is raising its estimates. KeyBanc was encouraged by Wesco’s strong outperformance data center, and thinks there could be further upside to the company’s expectation for 20% DC growth in FY26.