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In a report published Monday, Morgan Stanley analyst Nigel Coe reiterated an Equal-Weight rating on
WESCO InternationalWCC, but lowered the price target from $83.00 to $78.00.
In the report, Morgan Stanley noted, “Strong organic growth in 4Q was offset by 1x mix issues. Valuation continues to look attractive, but the potential for a material guidance cut keeps us sidelined for now. Lowering our PT from $83 to $78. Reiterate EW.”
WESCO International closed on Friday at $66.76.
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