UPDATE: JPMorgan Upgrades CDW Corporation (CDW) to Neutral

February 28, 2020 4:31 AM EST
Get Alerts CDW Hot Sheet
Price: $181.58 +0.35%

Rating Summary:
    12 Buy, 3 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 25 | Down: 37 | New: 115
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(Updated - February 28, 2020 4:41 AM EST)

(updating comment)

JPMorgan analyst Paul Coster upgraded CDW Corporation (NASDAQ: CDW) from Underweight to Neutral with a price target of $120.00.

The analyst comments "We are upgrading CDW to Neutral based on valuation. We are trimming 1H2020 estimates to reflect probable supply-constraints that will weigh on revenues and margins owing to the COVID-19 outbreak; however, we anticipate a swift demand-led recovery in 2H2020 and therefore leave 2021 estimates largely unchanged. CDW, down ~19% YTD (S&P500 down ~7.2%), is now trading below our $120 price target, close to fair value in our view."

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 $116.08 yesterday.

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