Market Overview

J.P. Morgan Overweight On Wesco (WCC)

J.P. Morgan Chase & Co. has an Overweight rating and a $66 price target on shares of Wesco (NYSE: WCC).

In a note to investors, J.P. Morgan writes, "WCC continues to execute well on growth initiatives, driving incremental revenue upside to and already attractive late cycle end market story. We remain above Consensus and think numbers grind higher over the next several quarters, while leverage continues to come down, supporting valuation and leaving dry powder for bolt-on M&A. We remain OW."

Shares of WCC are up 13 cents to $62.08, a gain of 0.2% this morning.

Posted-In: J.P. Morgan Chase & Co.Analyst Color Price Target Analyst Ratings

 

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