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Benzinga

Business

Akanksha Bakshi

Loop Capital Bumps Up WESCO Price Target By 6%

WESCO Loop Capital WCC NYSE

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.

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