Encore Wire Corporation manufactures and sells electrical building wires and cables for interior electrical wiring in the United States. Its products include NM-B cables for use as interior wiring in homes, apartments, and manufactured housing; THHN/THWN-2 cables and metal-clad and armored cables for use as wiring in commercial and industrial buildings; UF-B cables; XHHW-2 cables; RHH/RHW-2 cables; USE-2 cables; and other types of wire products. The company sells its products to wholesale electrical distributors primarily through independent manufacturers' representatives. Encore Wire Corporation was incorporated in 1989 and is headquartered in McKinney, Texas.
IPO Year: 1992
Exchange: NASDAQ
Website: encorewire.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/11/2023 | $235.00 | Market Outperform | CJS Securities |
CJS Securities initiated coverage of Encore Wire with a rating of Market Outperform and set a new price target of $235.00
DA Davidson reiterated coverage of Encore Wire with a rating of and set a new price target of $80.00 from $70.00 previously
Sidoti downgraded Encore Wire from Buy to Neutral and set a new price target of $65 from $59 previously
Sidoti & Co. downgraded Encore Wire from Buy to Neutral
Sidoti & Co. downgraded Encore Wire from Buy to Neutral