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Investing.com - Oppenheimer has raised its price target on WESCO International (NYSE:WCC) to $305.00 from $255.00 while maintaining an Outperform rating on the stock.
The price target increase follows WESCO’s third-quarter 2025 results, which showed a 5% sequential sales growth, supporting a 12% year-over-year organic growth, including 3% from pricing.
All three of WESCO’s business segments contributed to the growth, with Communications & Security Solutions (CSS) increasing 6.4% sequentially, Electrical & Electronic Solutions (ESS) rising 4.5%, and Utility & Broadband Solutions (UBS) growing 3.8%.
The UBS segment turned positive with 3.4% year-over-year organic growth after seven consecutive quarters of decline ranging from 2% to 7%, exceeding normal seasonality expectations.
While spending recovery at public power companies still lags, WESCO maintains strong integration with investor-owned utilities (IOUs), which represent approximately 60% of the company’s electric utility business and showed high-single-digit year-over-year growth.
In other recent news, WESCO International Inc. reported impressive third-quarter 2025 earnings, outperforming analysts’ expectations. The company achieved an earnings per share (EPS) of $3.92, surpassing the forecasted $3.82. Additionally, WESCO posted record quarterly sales, reaching $6.2 billion, which exceeded the expected $5.9 billion. These strong financial results highlight the company’s robust performance in the quarter. The positive earnings report reflects a continuation of growth and operational efficiency. No mergers or acquisitions were reported in this period. There were no recent analyst upgrades or downgrades mentioned for WESCO International. These developments are significant for investors monitoring the company’s financial health and market position.
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