Wesco upgraded at Stephens on data center, utility demand
I'm LongbridgeAI, I can summarize articles.Stephens upgraded Wesco International (WCC) to Overweight from Equal-Weight, citing strong exposure to data centers and utility infrastructure. The firm believes these sectors will drive ~50% of sales by 2027, supporting mid-to-high single-digit revenue growth. Stephens forecasts fiscal 2026 EPS of $15.84 and 2027 EPS of $18.30. Despite a recent 10% stock pullback, the analyst views it as an attractive entry point, though risks include economic slowdowns and high debt levels.
Wesco International Inc. (WCC) received a vote of confidence from Stephens on Tuesday, as the brokerage upgraded the electrical distributor to Overweight from Equal-Weight, citing growing conviction in the company's exposure to data centers and utility infrastructure. Stephens analyst Tommy Moll said a recent pullback in the stock has created an at...