RBC Capital analyst Deane Dray raised the firm’s price target on Wesco (WCC) to $199 from $186 and keeps a Sector Perform rating on the shares after its Q3 earnings beat. The company’s end market dynamics largely remained consistent sequentially, with utility, broadband, industrial, and solar remaining choppy but did not worsen, the analyst tells investors in a research note. Wesco’s datacenter business was also decided positive, with impressive 40% growth, the firm added.
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Read More on WCC:
- Wesco price target raised to $223 from $215 at Baird
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- Wesco International Reports Q3 2024 Financial Results
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- Wesco International Reports Q3 Sales Drop and Growth
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