RBC Capital analyst Deane Dray raised the firm’s price target on Wesco to $200 from $163 and keeps an Outperform rating on the shares. The company reported a "high-quality" Q4 earnings beat and upside guidance as it looks well positioned to over-deliver in 2023 thanks to Anixter synergies and multi-year secular drivers like electrification and grid-hardening, the analyst tells investors in a research note.
Published first on TheFly
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