Loop Capital Bumps Up WESCO Price Target By 6%

• Loop Capital analyst Chris Dankert raised the price target on WESCO International, Inc. (NYSE: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.