Morgan Stanley Downgrades CDW to Equal-Weight, Announces $216 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Erik Woodring has downgraded CDW (NASDAQ:CDW) from Overweight to Equal-Weight and set a price target of $216.
December 12, 2023 | 10:53 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Morgan Stanley downgraded CDW from Overweight to Equal-Weight, potentially indicating a more cautious view on the stock's future performance.
The downgrade from Overweight to Equal-Weight by a major analyst like Morgan Stanley suggests a neutral outlook on CDW's stock, implying that the stock may perform in line with the market expectations. The price target of $216 provides a reference point for investors but does not suggest significant upside, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100