UBS Maintains a 'Buy' on WESCO International (WCC); Raising Numbers on Continued Strength in Q4

UBS maintains a 'Buy' on WESCO International (NYSE: WCC) price target raised from $68 to $73.

UBS analyst says, "EPS of $1.12 beat Street of $0.98 on solid revs and strong gross margin...FCF was $86.4m (net inc of $54.8m); leverage down from Q3...WCC looks set to beat the $4.40+ EPS it set in August, partly because 2011 is better than expected, and improving conditions and good execution."

UBS raises FY11 EPS estimate from $3.80 to $3.96 and FY12 from $4.41 to $4.65.

For an analyst ratings summary and ratings history on WESCO International click here. For more ratings news on WESCO International click here.

Shares of WESCO International closed at $63.97 yesterday, with a 52 week range of $31.08-$66.01.

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