RBC Capital Downgrades WESCO Intl to Sector Perform, Lowers Price Target to $173
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Deane Dray downgraded WESCO Intl (WCC) from Outperform to Sector Perform and reduced the price target from $202 to $173.

February 13, 2024 | 5:43 pm
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WESCO Intl downgraded by RBC Capital from Outperform to Sector Perform with a price target cut from $202 to $173.
The downgrade from Outperform to Sector Perform by a major analyst like RBC Capital, coupled with a significant reduction in the price target, is likely to negatively impact investor sentiment and the short-term stock price of WESCO Intl. Such analyst actions often lead to a decrease in stock price as market participants adjust their expectations based on the new analyst outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100