Wesco climbs 5% after upgrade to Buy at Jefferies on electrical growth
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Wesco International (NYSE:WCC) rose 5% on Monday as the company was upgraded to a Buy rating from Hold by analysts at Jefferies. The investment said Wesco will benefit from spending on electrical infrastructure, and raised its price target to $150 a share from $148.
âWe believe there is a very real secular growth opportunity tied with the âelectrification of everything,ââ Stephen Volkmann, analyst at Jefferies, said in the Oct. 17 report.
His team also assumed coverage of W.W. Grainger (NYSE:GWW) with a Buy rating, and of Fastenal (NASDAQ:FAST) and MSC Industrial (NYSE:MSM) with a Hold rating.
Seeking Alpha columnist Badsha Chowdhury rates Wesco (WCC) as a Buy on its undervaluation compared with peers. Contributor Daniel Jones has a Buy rating on Wesco (WCC) on its fundamentals and valuation.






Jefferies estimates for industrial companies, Oct. 17




EPS
P/E




2022E
2023E
2022E
2023E


W.W. Grainger (GWW)
$28.04
$30.23
17.9x
16.6x


Fastenal (FAST)
$1.86
$1.95
23.6x
22.5x


Wesco International (WCC)
$15.78
$16.61
7.5x
7.1x


MSC Industrial (MSM)
$5.96
$6.27
12.6x
11.9x