Barclays Maintains Equal-Weight on CDW, Lowers Price Target to $232
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Mark Moskowitz maintains an Equal-Weight rating on CDW (NASDAQ:CDW) and lowers the price target from $261 to $232.
May 02, 2024 | 2:39 pm
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NEGATIVE IMPACT
Barclays maintains an Equal-Weight rating on CDW but lowers the price target from $261 to $232.
The reduction in price target by Barclays, a major financial institution, could lead to a negative short-term impact on CDW's stock price. Investors may view the lowered price target as a sign of reduced confidence in the company's near-term growth prospects, potentially leading to a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100