Standpoint Cuts WESCO International (WCC) to Hold

Standpoint Research downgraded shares of WESCO International (NYSE: WCC) from Buy to Hold in a mid-day research note Monday.

The firm's downgrade follows a 60 percent move higher in the stock since October 1st. The Standpoint analyst said, "Our concern is that those who suffered through the slide from the high $50s in late July to the low $30s in late September / early October will be looking to exit here near break even with the shares now back above $50 and fairly valued at 15X trailing twelve months earnings."

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 $51.87 yesterday.

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