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

|About: WESCO International, Inc. (WCC)|By:, SA News Editor

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.