Wesco upgraded by JP Morgan with a new price target
$WCC
Telecommunications Equipment
Consumer Discretionary
JP Morgan upgraded Wesco from Neutral to Overweight and set a new price target of $180.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/16/2024 | $522.00 → $550.00 | Neutral → Outperform | Robert W. Baird |
| 5/29/2024 | $200.00 → $195.00 | Outperform → Neutral | Robert W. Baird |
| 2/13/2024 | $202.00 → $173.00 | Outperform → Sector Perform | RBC Capital Mkts |
| 10/6/2023 | $180.00 | Neutral → Overweight | JP Morgan |
| 5/5/2023 | $180.00 | Neutral → Outperform | Robert W. Baird |
| 10/17/2022 | $148.00 → $150.00 | Hold → Buy | Jefferies |
| 2/16/2022 | $160.00 → $170.00 | Buy | Loop Capital |
| 11/5/2021 | $145.00 → $165.00 | Strong Buy | Raymond James |
10-Q - WESCO INTERNATIONAL INC (0000929008) (Filer)
8-K - WESCO INTERNATIONAL INC (0000929008) (Filer)
8-K - WESCO INTERNATIONAL INC (0000929008) (Filer)
SC 13G/A - WESCO INTERNATIONAL INC (0000929008) (Subject)
SC 13G/A - WESCO INTERNATIONAL INC (0000929008) (Subject)
SC 13G - WESCO INTERNATIONAL INC (0000929008) (Subject)
4 - WESCO INTERNATIONAL INC (0000929008) (Issuer)
4 - WESCO INTERNATIONAL INC (0000929008) (Issuer)
4 - WESCO INTERNATIONAL INC (0000929008) (Issuer)
Third quarter reported net sales down 2.7% YOY due primarily to the Wesco Integrated Supply divestitureOrganic sales down 0.6% YOY and up 0.1% sequentiallyThird quarter operating profit of $336 million; operating margin of 6.1% Gross margin of 22.1%, up 50 basis points YOY and up 20 basis points sequentiallyAdjusted EBITDA margin of 7.3%, down 80 basis points YOY and flat sequentially Operating cash flow of $302 million in the third quarter and $825 million for the first nine months of 2024, up from $424 million in the first nine months of 2023Reaffirming full-year outlookPITTSBURGH, Oct. 31, 2024 /PRNewswire/ -- Wesco International (NYSE: WCC), a leading provider of business-to-business dis
PITTSBURGH, Oct. 14, 2024 /PRNewswire/ -- Wesco International (NYSE:WCC) will hold its third quarter 2024 earnings conference call on Thursday, October 31 at 10:00 a.m. ET. Dial-in details are below. The live audio webcast of the earnings presentation can be accessed at https://investors.wesco.com, where related materials will be posted prior to the presentation and a replay of the webcast will be available. In addition, Wesco will be participating in the Baird Industrial Conference on November 13, Stephens Investment Conference on November 20, and the Bank of America Leverage
PITTSBURGH, Aug. 29, 2024 /PRNewswire/ -- The Board of Directors of Wesco International (NYSE:WCC) today declared a quarterly cash dividend on all of the issued and outstanding shares of common stock, in an amount equal to $0.4125 per share. The dividend is payable on September 30, 2024 to the holders of record of the common stock at the close of business on September 13, 2024. In addition, the Board of Directors declared cash dividends on the company's 10.625% Series A Fixed-Rate Reset Cumulative Perpetual Preferred Stock for the period July 1, 2024 through September 30, 2024
PITTSBURGH, April 12, 2024 /PRNewswire/ -- Wesco International (NYSE:WCC) will hold its first quarter 2024 earnings conference call on Thursday, May 2 at 10:00 a.m. ET. Dial-in details are below. The live audio webcast of the earnings presentation can be accessed at https://investors.wesco.com/, where related materials will be posted prior to the presentation and a replay of the webcast will be available. Wesco will also be participating in the Oppenheimer Industrial Growth Conference on May 7, Wolfe Research Global Transportation & Industrials Conference on May 21, Barclays L
Oldcastle BuildingEnvelope, Inc. ("OBE" or the "Company") announced today that Bruno Biasiotta will step down as Chief Executive Officer to focus on his health and family. OBE's Chief Financial Officer, Michael (Mike) Marcely, will assume the responsibilities of Interim Chief Executive Officer effective immediately. The Company also announced the appointment of Steve Dean as President – Glass and Glazing Systems. Mr. Dean joins OBE after serving 25 years in senior roles at Wesco International, Inc. (NYSE:WCC) and Anixter International Inc., most recently as Senior Vice President & General Manager – Utility. Raquel Vargas Palmer, Co-Managing Partner of KPS Capital Partners, LP and Chairp
Ken Parks to become Chief Financial Officer of GE Vernova Vic Abate to become Chief Executive Officer of GE Vernova's Wind segment GE Vernova Leadership Team fully staffed ahead of spin-off GE (NYSE:GE) announced today that GE Vernova has appointed two new leaders to its leadership team. These appointments complete the executive leadership team for GE Vernova as the business prepares to launch as an independent company sometime in early 2024. Kenneth "Ken" Parks will join GE Vernova as Chief Financial Officer (CFO), effective October 2, 2023. Ken brings extensive public company CFO experience and 38 years of comprehensive financial leadership to the role, having guided organizat
Robert W. Baird upgraded Wesco from Neutral to Outperform and set a new price target of $550.00 from $522.00 previously
Robert W. Baird downgraded Wesco from Outperform to Neutral and set a new price target of $195.00 from $200.00 previously
RBC Capital Mkts downgraded Wesco from Outperform to Sector Perform and set a new price target of $173.00 from $202.00 previously
PITTSBURGH, Oct. 31, 2024 /PRNewswire/ -- Wesco International (NYSE:WCC) today announced it has entered a definitive agreement to acquire Ascent LLC., a privately held company headquartered in St. Louis, Missouri and a premier provider of data center facility management services for a cash-free, debt-free purchase price of $185 million. Ascent, known for its specialized data center facility and property management services, has $115 million in trailing twelve-month sales and a 30% three-year sales compound annual growth rate. Ascent delivers solutions for every aspect of missi
Third quarter reported net sales down 2.7% YOY due primarily to the Wesco Integrated Supply divestitureOrganic sales down 0.6% YOY and up 0.1% sequentiallyThird quarter operating profit of $336 million; operating margin of 6.1% Gross margin of 22.1%, up 50 basis points YOY and up 20 basis points sequentiallyAdjusted EBITDA margin of 7.3%, down 80 basis points YOY and flat sequentially Operating cash flow of $302 million in the third quarter and $825 million for the first nine months of 2024, up from $424 million in the first nine months of 2023Reaffirming full-year outlookPITTSBURGH, Oct. 31, 2024 /PRNewswire/ -- Wesco International (NYSE: WCC), a leading provider of business-to-business dis
PITTSBURGH, Oct. 14, 2024 /PRNewswire/ -- Wesco International (NYSE:WCC) will hold its third quarter 2024 earnings conference call on Thursday, October 31 at 10:00 a.m. ET. Dial-in details are below. The live audio webcast of the earnings presentation can be accessed at https://investors.wesco.com, where related materials will be posted prior to the presentation and a replay of the webcast will be available. In addition, Wesco will be participating in the Baird Industrial Conference on November 13, Stephens Investment Conference on November 20, and the Bank of America Leverage
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WESCO Intl (NYSE:WCC) has outperformed the market over the past 5 years by 14.75% on an annualized basis producing an average annual return of 28.13%. Currently, WESCO Intl has a market capitalization of $8.65 billion. Buying $100 In WCC: If an investor had bought $100 of WCC stock 5 years ago, it would be worth $348.08 today based on a price of $170.14 for WCC at the time of writing. WESCO Intl's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and review