Morgan Stanley raised the firm’s price target on CDW (CDW) to $193 from $190 and keeps an Equal Weight rating on the shares. The firm is optimistic that spending growth in most hardware end-markets should improve in 2025, adding that it is “more bullish” on enterprise than consumer end markets. However, with IT hardware valuations, ex-Apple, at an “all-time high,” growth in 2025 is already pricing in acceleration, the analyst tells investors.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CDW:
- CDW acquisition fulfills growth strategy, says William Blair
- CDW acquires Mission Cloud Services, terms not disclosed
- Great Hill Partners announces sale of Mission Cloud Services to CDW
- Ex-Dividend Date Nearing for These 10 Stocks – Week of November 25, 2024
- CDW initiated with a Buy at Redburn Atlantic