Baird Remains Neutral on CDW (CDW) Following Solid 3Q Results

Baird reiterated a Neutral rating on CDW Corporation (NASDAQ: CDW), and raised that the price target to $50.00 (from $42.00), following the company's 3Q earnings report. CDW reported revenue and non-GAAP EPS of $3.5 billion and $0.84 versus consensus of $3.62 billion and $0.80.

Analyst Jayson Noland commented, "CDW posted a solid quarter despite headwinds in its Public vertical. We view the expanded Dell partnership and international expansion via Kelway as meaningful long-term positives. The company continues to execute very well in an inconsistent macroeconomic environment. We see upside/downside in the shares as balanced at current levels given valuation."

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 $44.46 yesterday.

You May Also Be Interested In

• Dollarama Inc. (DOL:CN) (DLMAF) PT Raised to Cdn$231 at Bernstein SocGen
• Adobe (ADBE) PT Lowered to $379 at Bernstein SocGen Amid 'Increased Uncertainties'
• RLJ Lodging Trust (RLJ) PT Raised to $10 at Truist Securities