UBS Maintains a 'Buy' on WESCO International (WCC), Bumping Numbers After Good Q1
Tweet
Share
E-mailGet Alerts WCC Hot Sheet
Price: $361.55 +0.60%
Rating Summary:
22 Buy, 8 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
22 Buy, 8 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
UBS maintains a 'Buy' on WESCO International (NYSE: WCC) price target raised $1 to $74.00.
Analyst, Steven Fisher, said, "Q1 EPS of $1.03 ($0.99 ex-$0.04/sh benefit from an interest adjustment) beat the Street of $0.96. Revs of $1.61b (Street of $1.58b) were +12.2% y/y vs. Q1 guidance of 7-11% y/y (the 12.2% was 9.8% ex M&A of 2.6% and f/x of -0.2%)."
"We are a bit concerned that the beats/raises may not be as strong as they have been, but assuming industrial sales remain solid and WCC continues to gain share in construction and utilities, we expect WCC to meet or exceed its near term targets. Should WCC do any further M&A, which seems likely, there could be upside to our ests for 2012/13."
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 $64.95 yesterday.
Analyst, Steven Fisher, said, "Q1 EPS of $1.03 ($0.99 ex-$0.04/sh benefit from an interest adjustment) beat the Street of $0.96. Revs of $1.61b (Street of $1.58b) were +12.2% y/y vs. Q1 guidance of 7-11% y/y (the 12.2% was 9.8% ex M&A of 2.6% and f/x of -0.2%)."
"We are a bit concerned that the beats/raises may not be as strong as they have been, but assuming industrial sales remain solid and WCC continues to gain share in construction and utilities, we expect WCC to meet or exceed its near term targets. Should WCC do any further M&A, which seems likely, there could be upside to our ests for 2012/13."
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 $64.95 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Fiserv (FISV) PT Lowered to $60 at Freedom Broker
- BofA Securities Resumes American Eagle Outfitters (AEO) at Underperform
- Freedom Broker Upgrades Lifeway Foods (LWAY) to Buy
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
UBSSign 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!
