Jefferies analyst Hamzah Mazari believes Wesco (WCC) is in "a do-or-die situation" if its bidding war with Clayton, Dubilier & Rice for Anixter International (AXE) is lost, as the analyst believes Wesco shares are likely to retrace to the $50 level if its takeover attempt is thwarted. Mazari thinks the bidding war likely continues and expects CD&R to come back within the next 5 days with a new bid, adding that the ability to lever up debt should allow the company to offer $100 per share in cash for Anixter. Mazari has a Hold rating and $66 price target on Wesco shares.