Deutsche Bank Starts CDW Corporation (CDW) at Buy

August 6, 2013 8:20 AM EDT Send to a Friend
Get Alerts CDW Hot Sheet
Price: $37.39 -0.95%

Rating Summary:
    8 Buy, 2 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 16 | Down: 17 | New: 15
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Deutsche Bank initiated coverage on CDW Corporation (NASDAQ: CDW) with a Buy rating and a price target of $26.00.

Analyst Chris Whitmore said, "We believe CDW will generate solid earnings and cash flow growth as it benefits from a cyclical improvement in US IT spending, share gains and deleveraging. CDW's $200B TAM is being fueled by growth in mega trends including mobility, virtualization, collaboration, security, cloud and managed services. As CDW continues generating strong cash flow and deleverages, we expect value to accrue to equity holders over time."

For an analyst ratings summary and ratings history on CDW Corporation click here. For more ratings news on CDW Corporation click here.

Shares of CDW Corporation closed at $22.79 yesterday.

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