WESCO International Holds It Steady Despite The Cracks (Rating Downgrade)
Summary
- WESCO International is benefiting from long-term secular growth in utility, data center, security, and industrial sectors.
- Supply chain issues are improving, but challenges in the electrical product line will continue in Q3.
- WCC's cash flows have increased, and it plans to use them for stock buybacks, making it a reasonable investment with moderate returns.
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