CDW | 03 June 2024 | AI Stock Analysis & News

CDW’s price target lowered by Citigroup, impacting stock price negatively.

Stock AI’s forecasts:
🔴 -9.0% short-term ⬇️
🟢 +1.0% long-term ⬆️

Stock AI’s (CDW) Forecast get (+5.7% Profit)

StockAI’s analysis delivers real-world results. On 08 March 2024, $CDW ($249.9), StockAI predicted a long-term 🔴 sell signal. It was accurate: 1 month later price dropped to $235.6 (🔴-5.7%). Selling CDW on this signal yielded a +5.7% profit 💰💰.

CDW-CDW Corporation News

🔴 Citigroup lowered CDW’s price target from $295.00 to $260.00, which could signal a lack of confidence in the stock’s performance.

🟢 CDW has been given a consensus rating of “Moderate Buy” by analysts, indicating a positive outlook for the company’s future.

🔴 Swiss National Bank and Natixis Advisors reduced their stakes in CDW by 3.3% and 37.4%, respectively, suggesting a lack of faith in the stock.

🔴 Fiduciary Trust Co and Brown Advisory Inc. trimmed their positions in CDW by 3.6% and 27.0%, respectively, which may indicate concerns about the company’s performance.

🔴 Jump Financial LLC decreased its position in CDW by 64.6%, which could be a sign of bearish sentiment towards the stock.

🔴 Metis Global Partners LLC lessened its stake in CDW by 11.4%, potentially indicating a negative outlook for the company.

CDW Corporation’s stock has seen a mix of negative and positive news recently, with analysts giving a “Moderate Buy” rating while other institutional investors are reducing their stakes in the company. The lowering of the price target by Citigroup and the significant decreases in holdings by various firms may have a negative impact on CDW’s stock price in the short term. Investors may interpret these actions as a lack of confidence in the company’s future performance, leading to a potential decrease in the stock price. However, the overall “Moderate Buy” rating from analysts suggests a more positive long-term outlook for CDW. It will be important for investors to monitor any further developments and market reactions to determine the true impact on CDW’s stock price.

CDW-CDW Corporation Analyst Ratings

In recent analyst ratings for CDW Corporation stock, we have seen some changes in recommendations:

📉 Citigroup lowered the price target for CDW from $295.00 to $260.00 with a buy rating on the stock.
📉 MarketBeat Ratings reports a consensus rating of “Moderate Buy” for CDW stock.
📉 Swiss National Bank reduced its stake in CDW by 3.3%.
📈 Teacher Retirement System of Texas boosted its position in CDW stock by 60.4%.
📈 Janney Montgomery Scott LLC increased its stake in CDW by 1.4%.

1. Yahoo Finance
2. ETF Daily News
3. ETF Daily News
4. ETF Daily News
5. ETF Daily News


Investors may consider the AI predictions and news summaries as one factor in their investment decisions alongside their own research and risk tolerance.

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