Moody's Ratings (Moody's) affirmed the Ba2 corporate family rating (CFR) and Ba2-PD probability of default rating (PDR) of WESCO International, Inc. At the same time, we affirmed the Ba3 senior unsecured notes rating and assigned new Ba3 rating to WESCO Distribution, Inc.'s proposed backed senior un...
A director at Wesco International Inc sold after exercising options 3,477 shares at 211.968USD and the significance rating of the trade was 53/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's director...
Moody's Ratings has completed a periodic review of the ratings of WESCO International, Inc. and other ratings that are associated with this issuer. The review was conducted through a rating committee held on 26 March 2024 in which Moody's reassessed the appropriateness of the ratings in the context...
Moody's Investors Service (Moody's) assigned Ba3 ratings to WESCO Distribution, Inc.'s proposed backed senior unsecured notes. WESCO International, Inc.'s (WESCO) Ba2 corporate family rating (CFR) and Ba2-PD probability of default rating (PDR) are not affected as well as the assigned ratings on the ...
Moody's Investors Service (Moody's) assigned Ba3 ratings to WESCO Distribution, Inc.'s proposed backed senior unsecured notes. WESCO International, Inc.'s (WESCO) Ba2 corporate family rating (CFR) and Ba2-PD probability of default rating (PDR) are not affected as well as the assigned ratings on the ...
Monitoring Rising Treasury Yields & U.S. Dollar (DXY) The Fed wanting "greater confidence" that inflation is sustainably moving toward its 2% target signals a patient approach with respect to rate cuts, meaning a more restrictive policy than the market expected. This is disproportionately hitting small- and mid-caps which are more sensitive to higher interest rates. This suggests we could see further consolidation for small- and mid-caps, while large-cap indexes (S&P 500, Nasdaq 100, DJI) remai...
ear Market Until Proven Otherwise In our Sept. 27 Compass, and with the S&P 500 down 11.5% during the prior two weeks, we discussed our belief that the market indexes could see a bounce or pause in selling. The S&P 500 and Russell 2000 (IWM) have gone virtually nowhere since (i.e., a pause), and we still cannot rule out a bear market rally as long as the 200-week MA (3590-3600) holds on the S&P 500, and as long as $162-163 holds on the Russell 2000 (IWM). To confirm a bear market rally, we need...
Moody's Investors Service ("Moody's") upgraded WESCO International, Inc.'s ("WESCO") Corporate Family Rating (CFR) to Ba2 from Ba3, Probability of Default (PDR) to Ba2-PD from Ba3-PD, and the rating on WESCO Distribution, Inc.'s senior unsecured notes to Ba3 from B1. The outlook is stable. The Specu...
WESCO INTERNATIONAL (US), a company active in the Electrical Components & Equipment industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 2 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. ...
Cracker Barrel (CBRL) is set up to not just survive the pandemic, but to thrive because of it, and the market isn't pricing this in. Uniform Accounting highlights that market expectations are for a permanent disruption to Cracker Barrel's business, indicating equity upside as the business returns to full strength and even higher. Before 2020, the company had already steadily begun improving Uniform ROA thanks to its strategy of optimizing its restaurant and store business model. Now, Cracker Ba...
WESCO International, Inc. (WCC) currently trades below corporate but near historical highs relative to Uniform earnings, with a 16.9x Uniform P/E (Fwd. V/E'). At these levels, markets are pricing in expectations for Uniform ROA to fade back to historical lows, accompanied by 3% Uniform asset growth. Meanwhile, if sustainable going forward, analyst expectations for 15% Uniform ROA and 6% Uniform asset growth imply significant potential equity upside for the firm. However, the firm's most recen...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
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