Loop Capital analyst Chris Dankert maintains $WESCO International (WCC.US)$ with a buy rating, and adjusts the target price from $190 to $210.
According to TipRanks data, the analyst has a success rate of 71.6% and a total average return of 14.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $WESCO International (WCC.US)$'s main analysts recently are as follows:
The company's investor day presentation reinforced its 2024 outlook and long-term guidance, setting ambitious expectations for significant mergers and acquisitions in the coming years. In addition to the anticipated M&A activity, the company's margin and earnings growth are projected to gain from exposure to enduring secular trends, improved digital capabilities, and profit-yielding services.
The market responded positively to the company's recent analyst event, recognizing the value of its digital initiatives and the prospects surrounding datacenters. The company also provided more clarity on potential mergers and acquisitions. There is an optimistic outlook up to 2025, spurred by the revival of utility and broadband investments, along with enduring secular growth drivers.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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