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Fly News Breaks for January 13, 2020
AXE, WCC
Jan 13, 2020 | 13:44 EDT
Raymond James analyst Samuel Darkatsh reaffirmed a Strong Buy rating on Wesco (WCC) and raised his price target on shares to $75 from $67 following the company's merger agreement with Anixter (AXE). The analyst said that the price target raise was due to the "elimination of the risk of not acquiring Anixter," as he felt such a development would take Wesaco shares back below $50.
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