Susquehanna Maintains WESCO International to Neutral with Price Target $52.00

Brokerage firm Susquehanna Maintains its rating on WESCO International(NYSE:WCC). In a research note issued to the investors, the brokerage major Raises the price-target to $52.00 per share. The shares have been rated Neutral. The rating by Susquehanna was issued on Apr 14, 2016.

In a different note, Sterne Agee CRT said it Initiates Coverage on WESCO International, according to a research note issued on Mar 22, 2016. The shares have been rated ‘Neutral’ by the firm. On Mar 22, 2016, Oppenheimer said it Maintains its rating on WESCO International. In the research note, the firm Raises the price-target to $49.00 per share. The shares have been rated ‘Outperform’ by the firm. On Mar 3, 2016, JP Morgan said it Maintains its rating on WESCO International. In the research note, the firm Raises the price-target to $45.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jan 19, 2016, Barclays said it Maintains its rating on WESCO International. According to the research note, Barclays Lowers the price target to $42 per share from a prior target of $46. The shares have been rated ‘Equal-weight’ by the firm.

WESCO International (WCC) made into the market gainers list on Mondays trading session with the shares advancing 1.64% or 0.91 points. Due to strong positive momentum, the stock ended at $56.32, which is also near the day’s high of $57. The stock began the session at $55.51 and the volume stood at 4,78,331 shares. The 52-week high of the shares is $74.61 and the 52 week low is $34. The company has a current market capitalization of $2,377 M and it has 4,21,98,471 shares in outstanding.

WESCO International(WCC) last announced its earnings results on Jan 28, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $1.86B. Analysts had an estimated revenue of $1.84B. Earnings per share were $1.03. Analysts had estimated an EPS of $1.02.

Several Insider Transactions has been reported to the SEC. On Feb 3, 2016, James J /ky Obrien (director) purchased 1,540 shares at $38.78 per share price.Also, On Apr 30, 2015, John Engel (Chairman, President & CEO) sold 22,357 shares at $71.09 per share price.On Apr 30, 2015, Oss Stephen A Van (SVP & COO) sold 22,357 shares at $71.17 per share price, according to the Form-4 filing with the securities and exchange commission.

WESCO International Inc. (WESCO International) is a distributor of products and provider of supply chain management and logistics services used in industrial construction utility and commercial institutional and government (CIG) markets. The Company is a provider of electrical industrial and communications maintenance repair and operating (MRO) and original equipment manufacturers (OEM) products construction materials and advanced supply chain management and logistics services. The Company’s product categories include general electrical and industrial supplies wire cable and conduit data and broadband communications power distribution equipment lighting and lighting control systems control and automation motors and safety. It offers a portfolio of value-added capabilities which includes supply chain management logistics and transportation procurement warehousing and inventory management as well as kitting limited assembly of products and system installation.

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