CDW upgraded to Buy from Neutral at Northcoast

Northcoast upgraded CDW to Buy from Neutral with a $270 price target. Despite a contraction in IT spending over the past two years from many of its largest partners, CDW has effectively pivoted toward increased services and solutions offerings to protect the bottom line, the analyst tells investors. With anticipated growth in IT spending led by a PC refresh cycle, the start of the artificial intelligence investment cycle in small businesses and scaling of solutions offerings, the firm believes the current share price represents an attractive entry point, the analyst added.