WESCO International (WCC) PT Raised to $375 at Barclays

Barclays analyst Guy Hardwick raised the price target on WESCO International (NYSE: WCC) to $375.00 (from $313.00) while maintaining a Overweight rating.

The analyst commented, "WCC rallied +14% yesterday (4/30) in a positive tape (SPX +1%). 1Q26 EBITDA was +9% above Cons. and adj. EPS 22% above (see our First Take). FCF was much stronger than guidance at $213M. We raise FY26e and FY27e sales and adj. EBITDA estimates by 1% and 3%, and FY26e FCF by 5%. In our view, WCC provides relatively inexpensive exposure to secular themes of electrification, data centers and NA factory investment (re-shoring). We also believe WCC is in the early innings of realizing the benefits of its Digitalization program (see our Distributors initiation). All provide tailwinds to EBITDA growth, and for these reasons, we believe the multiple will continue to expand. We raise our price target to $375 (prior $313) based on 13x FY27e EBITDA (disc. back 1-year) and remain OW rated."

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