Robert W. Baird Sticks to Their Hold Rating for Wesco International (WCC)


Robert W. Baird analyst David Manthey reiterated a Hold rating on Wesco International (WCC) yesterday and set a price target of $60. The company’s shares opened today at $47.90, close to its 52-week low of $46.51.

According to TipRanks.com, Manthey is a 4-star analyst with an average return of 8.8% and a 65.9% success rate. Manthey covers the Services sector, focusing on stocks such as Foundation Building Materials Inc, Anixter International Inc, and SiteOne Landscape Supply.

Wesco International has an analyst consensus of Moderate Buy, with a price target consensus of $62.

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Based on Wesco International’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $66.85 million. In comparison, last year the company had a net profit of $53.68 million.

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WESCO International, Inc. is a holding company, which engages in the provision of electrical, industrial, and communications maintenance, repair, and operating; and original equipment manufacturers products. It also offers construction materials, and supply chain management and logistics services.

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