Wesco price target lowered to $375 from $379 at Wolfe Research

Wolfe Research lowered the firm's price target on Wesco to $375 from $379 and keeps an Outperform rating on the shares. The firm sees conservative planning as it relates to high single-digit sales guidance for the quarter, with flat margin also screening toward the low end of seasonality in spite of 25 basis points compensation headwind. The firm added that investor sentiment is relatively balanced.