Oppenheimer Maintains Outperform on WESCO Intl, Lowers Price Target to $185
Portfolio Pulse from jenniferd'souza@benzinga.com
Oppenheimer analyst Christopher Glynn has maintained an 'Outperform' rating on WESCO Intl (NYSE:WCC) but lowered the price target from $190 to $185.
August 04, 2023 | 3:28 pm
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WESCO Intl's price target has been lowered from $190 to $185 by Oppenheimer, though the 'Outperform' rating is maintained.
The lowering of the price target by Oppenheimer could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintenance of the 'Outperform' rating indicates that the analyst still sees potential upside, which could counterbalance the negative sentiment to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100