Decoding 8 Analyst Evaluations For WESCO Intl
Portfolio Pulse from Benzinga Insights
Recent analyst evaluations of WESCO Intl (NYSE:WCC) show a mix of bullish and indifferent sentiments, with 6 somewhat bullish and 2 indifferent ratings in the last three months. The average 12-month price target for WCC has been adjusted to $176.38, marking a 4.66% decrease from the previous target of $185.00. Analysts from firms like Keybanc, JP Morgan, Oppenheimer, Baird, and RBC Capital have updated their ratings and price targets, reflecting a nuanced view of WCC's market performance and financial health. Despite facing revenue growth challenges and below-average profitability metrics, WESCO Intl's strategic positioning and analyst attention suggest a cautiously optimistic outlook.
April 11, 2024 | 1:01 pm
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NEUTRAL IMPACT
WESCO Intl has received a mix of somewhat bullish and indifferent ratings from analysts, with a revised average 12-month price target of $176.38. This adjustment reflects a cautious but somewhat optimistic outlook on the stock, despite the company facing revenue and profitability challenges.
The mix of somewhat bullish and indifferent ratings, along with the revised price target, suggests analysts see potential in WCC despite its recent financial challenges. The cautious optimism is based on the company's strategic positioning and the detailed analysis by financial experts from reputable firms. However, the decrease in the average price target and the company's below-average financial metrics warrant a neutral score, as these factors may temper short-term stock performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100