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Friday 12:27 PM 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.
Comment![On the Move]
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at MarketWatch.com (Aug 11, 2011)
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at CNBC.com (May 2, 2011)
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at MarketWatch.com (Feb 7, 2011)
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at CNBC.com (Dec 8, 2010)
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at MarketWatch.com (Nov 17, 2010)
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PR Newswire (Apr 19, 2012)
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PR Newswire (Apr 3, 2012)
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PR Newswire (Jan 26, 2012)
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PR Newswire (Jan 4, 2012)
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PR Newswire (Jan 3, 2012)
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Company Description
WESCO International, Inc., incorporated in 1993 and formed in February 1994 upon acquiring a distribution business from Westinghouse Electric Corporation, is a leading North American distributor of products and provider of supply chain services used primarily in the industrial, construction,... More