CDW price target raised to $300 from $250 at Evercore ISI

Evercore ISI raised the firm’s price target on CDW to $300 from $250 and keeps an Outperform rating on the shares. Despite a challenging 2023 on a fundamental basis, the firm thinks the long-term model for CDW remains intact and sees their value proposition expanding over the next several years. CDW remains positioned to drive mid-to-high single digit sales and low-teens EPS growth in a consistent manner over several years, the analyst tells investors.