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CDW price target raised to $260 from $250 at Stifel

Stifel raised the firm’s price target on CDW to $260 from $250 and keeps a Buy rating on the shares. The firm’s quarterly survey of value-added IT resellers reflects another mixed quarter, with still sluggish but improving hardware demand, offset by growth in AI and Cloud, the analyst tells investors in an earnings preview for the Technology Supply Chain group.

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