KeyBanc Maintains a Buy on WESCO International (WCC), Raises PT to $210

WESCO International, Inc. (NYSE:WCC) is one of the 13 Cheap Mid-Cap Stocks to Add to Your Portfolio. In a report released on June 13, Kenneth Newman from KeyBanc maintained a Buy rating on WESCO International, Inc. (NYSE:WCC), raising the price target to $210 from $180. The rating update came after the company reported an eventful fiscal Q1 earnings season, along with the firm’s Industrials and Basic Materials Conference in Boston.

The analyst told investors that while broader macroeconomic uncertainty remains high amid fluid global trade dynamics, recent data points associated with its coverage have come in better than initially feared.

WESCO International, Inc. (NYSE:WCC) provides business-to-business logistics services, distribution services, and supply chain solutions. Its operations are divided into the following segments: Electrical and Electronic Solutions (EES), Communications and Security Solutions (CSS), and Utility and Broadband Solutions (UBS).

While we acknowledge the potential of WCC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.

Disclosure: None.