Stifel Maintains Buy on CDW, Lowers Price Target to $250
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Matthew Sheerin maintains a Buy rating on CDW (NASDAQ:CDW) but lowers the price target from $265 to $250.
May 02, 2024 | 5:42 pm
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NEUTRAL IMPACT
Stifel analyst Matthew Sheerin maintains a Buy rating on CDW but lowers the price target from $265 to $250.
While the reduction in price target could suggest a tempered outlook on CDW's stock performance, the maintenance of a Buy rating indicates continued confidence in the company's fundamentals. This mixed signal could lead to a neutral short-term impact on CDW's stock price as investors weigh the lowered price target against the analyst's ongoing endorsement.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100