Analyst Rating Update on WESCO International (WCC)

WESCO International (NYSE:WCC) has an average broker rating of 2.69, which is interpreted as a Hold, as rated by 13 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 11 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy.

WESCO International (NYSE:WCC) : The highest level WESCO International (NYSE:WCC) is projected to reach is $65 for the short term and the lowest estimate is at $47. The consolidated price target from 9 rating analysts who initiate coverage on the stock is $56 and the possibility the share price can swing is $6.14.

Company shares have received an average consensus rating of Hold for the current week Also, Equity Analysts at the Brokerage Firm, Standpoint Research, downgrades their rating on the shares of WESCO International (NYSE:WCC). Standpoint Research has a Hold rating on the shares. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on April 22, 2016.

WESCO International (NYSE:WCC): On Tuesdays trading session , Opening price of the stock was $52 with an intraday high of $52.375. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $50.64. However, the stock managed to close at $51.15, a loss of 0.04% for the day. On the previous day, the stock had closed at $51.17. The total traded volume of the day was 1,647,393 shares.

In an insider trading activity, Obrien James J /Ky, director of Wesco International Inc, executed a transaction worth $59,721 on February 2, 2016. A total of 1,540 shares were purchased at an average price of $38.78. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

WESCO International, Inc. (WESCO International) is a distributor of products and provider of supply chain management and logistics services used in industrial, construction, utility and commercial, institutional and government (CIG) markets. The Company is a provider of electrical, industrial and communications maintenance, repair and operating (MRO) and original equipment manufacturers (OEM) products, construction materials and advanced supply chain management and logistics services. The Companys product categories include general electrical and industrial supplies, wire, cable and conduit, data and broadband communications, power distribution equipment, lighting and lighting control systems, control and automation, motors, and safety. It offers a portfolio of value-added capabilities, which includes supply chain management, logistics and transportation, procurement, warehousing and inventory management, as well as kitting, limited assembly of products and system installation.

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