WESCO International (WCC -1.4%) slips on a tepid initiation by Wunderlich earlier this morning,...


WESCO International (WCC -1.4%) slips on a tepid initiation by Wunderlich earlier this morning, starting the shares with a less than stellar Hold rating and a price target of $64 per share. Wunderlich says the weak rating is driven by a below-consensus 2012 EPS view largely resulting from revenue growth 80-90 bps slower than Street projections. The firm adds that near-term macro factors could present 2H12 challenges given the emergence of slowing business spending over the past five to six months.

Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs