Citigroup Downgrades CDW to Neutral, Lowers Price Target to $245
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Asiya Merchant has downgraded CDW from Buy to Neutral and lowered the price target from $250 to $245.
October 01, 2024 | 1:22 pm
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NEGATIVE IMPACT
Citigroup has downgraded CDW from Buy to Neutral, with a reduced price target of $245, indicating a less optimistic outlook.
The downgrade from Buy to Neutral by Citigroup suggests a less favorable view on CDW's stock performance. The lowered price target from $250 to $245 indicates reduced expectations for future price appreciation, which could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100