JP Morgan Downgrades CDW to Neutral, Lowers Price Target to $235
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Samik Chatterjee has downgraded CDW from Overweight to Neutral and reduced the price target from $260 to $235.
October 28, 2024 | 12:13 pm
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NEGATIVE IMPACT
JP Morgan has downgraded CDW from Overweight to Neutral and reduced the price target from $260 to $235, indicating a less optimistic outlook.
The downgrade from Overweight to Neutral by a major financial institution like JP Morgan suggests a less favorable view on CDW's future performance. The reduction in price target from $260 to $235 indicates expectations of lower growth or profitability, which could lead to short-term selling pressure on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100