Wesco price target raised to $210 from $170 at Loop Capital

Loop Capital analyst Chris Dankert raised the firm’s price target on to $210 from $170 and keeps a Buy rating on the shares. The analyst is citing the benefit of secular drivers for the company that include electrification, government stimulus, and automation investment. The firm further states that the structural margin improvement and deleveraging are key tailwinds for Wesco while noting that the stock’s valuation is “highly attractive”.