CDW (CDW) Stock: $214 Price Target And Overweight Rating

Apr 4th, 2022 9:25 EST
  • The shares of CDW (NASDAQ: CDW) have received a $214 price target from Morgan Stanley. These are the details.

The shares of CDW (NASDAQ: CDW) have received a $214 price target from Morgan Stanley. And Morgan Stanley analyst Erik Woodring upgraded CDW to an “Overweight” rating from an “Equal-Weight” rating while increasing the price target from $201.

In a recent research note, Woodring cited the company’s attractive valuation and diversified IT portfolio, which has seen correlation decouple from PC shipments for the upgrade. And CDW is well-positioned for the long-term, given its broad-based exposure to IT market spend and strong track record of execution.

Plus with the company’s valuation near a 1.5 year low, Woodring sees an attractive entry price. 

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.

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