Jefferies analyst Stephen Volkmann has maintained their bullish stance on WCC stock, giving a Buy rating on March 17.
Stephen Volkmann has given his Buy rating due to a combination of factors that highlight Wesco International’s potential for growth and improved financial performance. The company has shown a strong recovery in free cash flow generation, surpassing its peers after underperforming in previous years. This improvement is largely attributed to favorable supplier contracts that have reduced payables turnover, although there remains significant potential for further enhancement in inventory and receivables management.
Additionally, Wesco’s alignment with industry trends such as electrification, grid upgrades, and data centers positions it well for future growth. Despite mixed end market conditions, the company’s performance is in line with its peers, and it has set ambitious targets, such as achieving a 10% EBITDA margin by 2030, which would be a leading performance in the industry. The $200 price target reflects these positive prospects, with potential for further upside if sales growth and margin expansion occur sooner than anticipated.
In another report released on March 17, KeyBanc also maintained a Buy rating on the stock with a $205.00 price target.
WCC’s price has also changed slightly for the past six months – from $172.110 to $165.310, which is a -3.95% drop .