RBC Capital raised the firm’s price target on Wesco to $192 from $173 and keeps a Sector Perform rating on the shares. The firm states that it admires the scrappy, no-frills attitude that runs throughout the organization, as well as the strong historical free cash flow and debt pay-down history. After Wesco emerged victorious from the Anixter bidding war, RBC sees “compelling upside” based on the stock’s pro-forma EPS and historically low multiples.
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Read More on WCC:
- Wesco Finalizes Sale of Integrated Supply Business to Vallen Distribution, Inc.
- Wesco price target raised to $190 from $175 at Oppenheimer
- Wesco International Executives Present at Investor Conference
- Wesco Declares Quarterly Dividend on Common Stock and Preferred Stock
- Wesco Enters Agreement to Sell Integrated Supply Business to Vallen Distribution, Inc.
