KeyBanc on Trading Companies & Distributors/Technology Distributors; Updating Outlook on AXE & WCC

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January 18, 2012 12:13 PM EST
Get Alerts WCC Hot Sheet
Price: $349.14 +3.27%

Rating Summary:
    22 Buy, 8 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 8 | Down: 5 | New: 26
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KeyBanc on Trading Companies & Distributors/Technology Distributors

Analyst, Anthony Kure and Karl Ackerman, highlighted points include: 4Q11 Electrical Distributor Survey Results: Survey suggests modest 4Q11 demand improvement compared to historical seasonal pattern; Inventory levels suggest the majority of the seasonal inventory destocking dynamic has taken place; Price/Cost dynamic appears to Be moderating; Respondents remain cautious on the outlook for 2012; Increasing FY11 estimates for WESCO International (NYSE: WCC), Maintaining 4Q11E for Anixter International (NYSE: AXE); Lowering FY12E for WCC and AXE; Reiterate BUY rating on WCC, Increasing price target to $65 (from $53), Maintain HOLD rating on AXE.

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