CDW shares are trading lower after Citigroup downgraded the stock from Buy to Neutral and lowered its price target from $250 to $245.
Portfolio Pulse from Benzinga Newsdesk
CDW shares declined following a downgrade by Citigroup from Buy to Neutral, with a reduced price target from $250 to $245.
October 01, 2024 | 3:29 pm
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NEGATIVE IMPACT
CDW shares are trading lower after Citigroup downgraded the stock from Buy to Neutral and reduced its price target from $250 to $245.
The downgrade from Citigroup, a major financial institution, directly impacts investor sentiment and likely contributes to the decline in CDW's stock price. The reduced price target also suggests a less optimistic outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100