Loop Capital Bumps Up WESCO Price Target By 6%

February 16, 2022 2:14 PM | 1 min read | Make a Comment

Loop Capital analyst Chris Dankert raised the price target on WESCO International, Inc. WCC to $170 (an upside of 32.4%) from $160 and maintained a Buy rating on the shares.
The analyst cites the company's Q4 earnings beat and better than expected 2022 guidance.
He also sees further upside potential to 2022-2023 estimates from increasing pricing, interest expense savings, and further synergy gains.
Related: WESCO Clocks 17% Revenue Growth In Q4, Tops Street View.
Price Action: WCC shares are trading lower by 1.93% at $128.38 on the last check Wednesday.