William Blair Assigns Outperform On Wesco International Shares
In a research report issued today, William Blair analyst Ryan Merkel assigned an Outperform rating on Wesco International (NYSE:WCC). No price target was provided.
Merkel observed, “We believe some investors were bracing for a miss and guide down. EPS of $1.52 beat the Street at $1.50 as improved sales and cost savings offset weaker gross margins. Annual EPS guidance was narrowed with a midpoint of $5.30 (the Street was at $5.26) and sales growth guidance inched up to 5%. We believe Wesco has finally heard the message from investors to guide conservatively and meet expectations.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Ryan Merkel has a total average return of -3.5% and a 40.0% success rate. Merkel is ranked #2544 out of 3339 analysts.