Morgan Stanley downgrades CDW (CDW) to a Hold

In a report released today, Erik Woodring from Morgan Stanley downgraded CDW to a Hold, with a price target of $141.00.

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According to TipRanks, Woodring is a 5-star analyst with an average return of 14.5% and a 61.54% success rate. Woodring covers the Technology sector, focusing on stocks such as Apple, HP, and Western Digital.

Currently, the analyst consensus on CDW is a Moderate Buy with an average price target of $172.00.

Based on CDW’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $5.74 billion and a net profit of $291 million. In comparison, last year the company earned a revenue of $5.52 billion and had a net profit of $316.4 million

Based on the recent corporate insider activity of 123 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CDW in relation to earlier this year. Last month, Sona Chawla, the Chief Growth and Innovation Officer and EVP of CDW sold 7,400.00 shares for a total of $1,081,658.00.