In a report published Tuesday, Morgan Stanley analyst Nigel Coe initiated coverage on WESCO International WCC with an Equal-Weight rating and $92.00 price target.
In the report, Morgan Stanley noted, “We like WCC's leverage to improving construction trends, and revenue performance (finally) looks poised to match market growth in 2H14. However, with op leverage expected to remain subdued, and the company at the high end of its leverage range, we see shares as broadly fair valued.”
WESCO International closed on Monday at $87.08.
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