Wesco price target raised to $240 from $230 at Raymond James

Raymond James raised the firm’s price target on Wesco (WCC) to $240 from $230 and keeps a Strong Buy rating on the shares. Wesco raised its 2025 sales guidance on improving volume trends across most end-markets, aided by outsize growth in datacenters and utility customers beginning to restock after a prolonged period of destocking, the analyst tells investors in a research note. The firm says second half margin assumptions appear “achievable” given a strong start to Q3 and the absence of pricing benefits included in guidance.