WESCO Stock Surges on RBC Upgrade

WESCOs stock surged after RBC Capital upgraded it from Sector Perform to Outperform, setting a new price target of $302. This positive outlook was driven by WESCOs strong growth, particularly in its data center business and improved power utility segment. Despite a slight settlement following the initial surge, the stock remains near its fifty-two-week high and has seen a significant increase since the beginning of the year. Investors who bought $1000 worth of WESCO stock five years ago would now have over $4000, highlighting the companys long-term growth potential.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.