Seth Klarman's Hedge Fund Slashed This Stock by 54% — Even as It Scores Highly on Growth and Momentum
Seth Klarman's Baupost cut its Wesco stake by more than half, even though the stock ranks among the strongest in the fund's portfolio.
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WESCO International (NYSE:WCC) has outperformed the market over the past 5 years by 14.72% on an annualized basis producing an average annual return of 26.11%. Currently, WESCO International has a market capitalization
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Seth Klarman's Baupost cut its Wesco stake by more than half, even though the stock ranks among the strongest in the fund's portfolio.
Value investor Seth Klarman reveals his latest stock picks in a second quarter filing for hedge fund Baupost Group.
RBC Capital analyst Deane Dray maintains WESCO International (NYSE:WCC) with a Outperform and raises the price target from $421 to $430.