Wesco International Inc. (WCC) saw its stock price soar 5.11% during intraday trading on Wednesday, following a series of positive analyst actions.

The surge was driven by multiple investment firms raising their price targets for the company. Analysts highlighted Wesco's strategic position as a key beneficiary of the ongoing build-out of artificial intelligence infrastructure, which requires significant electrical and networking components that the company distributes.

Specifically, Raymond James increased its target to $335 from $300, RBC raised its target to $335 from $316, Jefferies lifted its target to $330 from $290, and Oppenheimer boosted its target to $330 from $305. This collective vote of confidence from Wall Street analysts provided a clear catalyst for the stock's upward movement.