Barclays Maintains an 'Overweight' on WESCO International (WCC); 3Q11 Thoughts and Model: A Great Story

Barclays maintains an 'Overweight' on WESCO International (NYSE: WCC) price target raised $2 to $57.

Barclays analyst says, "Leverage to recovery continues to show, thesis on track...Reiteration of 2012 targets gives confidence: WCC reiterated its early-read 2012 EPS guidance of ~$4.40 initially given at its analyst day in early August. Given the volatility (in perception, anyway) over the last 3 months, not seeing any changes to WCC's fundamental 12+ month outlook is a vote of confidence. We are raising our 2011E EPS to $3.82 from $3.70 to reflect today's beat and our 2012E EPS to $4.35 from $4.25, reflecting improved late cycle end market outlooks and confidence in cash reinvestment."

For more ratings news on WESCO International click here and for the rating history of WESCO International click here.

Shares of WESCO International closed at $43.67 yesterday.

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