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CDW price target raised to $180 from $160 at Citi

Citi analyst Asiya Merchant raised the firm’s price target on CDW (CDW) to $180 from $160 and keeps a Neutral rating on the shares. The company’s Q1 results beat by 5% on revenue on better than expected underlying demand across its verticals and pull forward in client devices, the analyst tells investors in a research note. The firm believes expectations “are set prudently” and demand inflections could drive more upside, but remains on the sidelines given potential for macro and tariffs “that could temper the pace of recovery.”

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