JP Morgan Maintains Overweight on CDW, Lowers Price Target to $265
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Samik Chatterjee maintains an Overweight rating on CDW (NASDAQ:CDW) but lowers the price target from $280 to $265.
May 02, 2024 | 4:12 pm
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JP Morgan analyst Samik Chatterjee maintains an Overweight rating on CDW but lowers the price target from $280 to $265.
While the maintenance of an Overweight rating indicates continued confidence in CDW's fundamentals and growth prospects, the reduction in the price target could reflect adjustments in valuation metrics, market conditions, or both. This mixed signal might lead to short-term uncertainty among investors, potentially causing minor fluctuations in the stock price. However, the overall positive stance suggests that any negative impact might be limited.
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IMPORTANCE 75
RELEVANCE 100