Morgan Stanley Maintains Overweight on CDW, Lowers Price Target to $216
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Erik Woodring maintains an Overweight rating on CDW (NASDAQ:CDW) but lowers the price target from $230 to $216.
November 02, 2023 | 4:10 pm
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Morgan Stanley maintains an Overweight rating on CDW but lowers the price target from $230 to $216.
The news is directly related to CDW as Morgan Stanley maintains an Overweight rating on the company but lowers the price target. This could indicate a potential decrease in the stock's value in the short term, but the Overweight rating suggests that the company is still expected to outperform the market. Therefore, the impact on the stock price is neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100