Citigroup Maintains Buy on CDW, Lowers Price Target to $260
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Asiya Merchant has maintained a Buy rating on CDW (NASDAQ:CDW) but lowered the price target from $295 to $260.
May 02, 2024 | 11:43 pm
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Citigroup maintains a Buy rating on CDW but lowers the price target from $295 to $260.
While the maintenance of a Buy rating suggests continued confidence in CDW's fundamentals and growth prospects, the reduction in price target could reflect adjustments in valuation metrics, market conditions, or both. This mixed signal might lead to short-term uncertainty among investors, potentially stabilizing the stock price as the market digests the new target.
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IMPORTANCE 75
RELEVANCE 100