Citi ups CDW target to $295, opens ‘positive catalyst watch’

Citi raised the firm’s price target on CDW to $295 from $255 and keeps a Buy rating on the shares. The analyst also opened a “90-day positive catalyst watch” on the shares. The firm has increasing optimism for CDW’s services revenues. Intra quarter commentary from CDW suggests positive momentum in artificial intelligence-related services as organizations seek help navigating AI use cases thereby positioning CDW favorably as AI related deployment plans advance, the analyst tells investors in a research note.