WESCO International Inc
WCC: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$989.00 | Yxlysd | Qvrltqrr |
Wesco Reports an All-Round Strong Quarter, Leading Us to Raise Our FVE to $189
Wesco continued to show its strength across various end markets in the fourth quarter. The company’s strong results led investors to send shares approximately 8% higher following the fourth-quarter earnings results. Management’s new 2023 guidance led us to increase our near-term sales and margin expectations for the company. As a result, our fair value estimate increased to $189 per share from $182.