WESCO International (WCC) PT Raised to $97 at RBC Capital on Debt Paydown
Tweet
Share
E-mail
Get Alerts WCC Hot Sheet
Price: $372.96 +3.16%
Rating Summary:
22 Buy, 8 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Rating Summary:
22 Buy, 8 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Join SI Premium – FREE
RBC Capital analyst Deane Dray raised the price target on WESCO International (NYSE: WCC) to $97.00 (from $79.00) while maintaining an Outperform rating.
Dray notes WESCO filed an 8-K on Dec-15 and noted that it is paying down $500 mil in debt in Jan-2021. The analyst said the move should save the company ~$20 mil in annual interest expense and be ~5%/~30c accretive to 2021 EPS by the firm's estimate.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Freedom Broker Upgrades PrimeEnergy Resource (PNRG) to Hold
- William Blair Downgrades Enovix Corporation (ENVX) to Market Perform
- B.Riley Downgrades Lantheus Holdings (LNTH) to Neutral
Create E-mail Alert Related Categories
Analyst Comments, Analyst PT ChangeRelated Entities
RBC CapitalSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
