JPMorgan analyst Samik Chatterjee upgraded CDW to Overweight from Neutral with an unchanged price target of $130. The firm says CDW's valuation multiple "offers significant upside opportunity." The company's AI and modernization-related demand, elevated backlog, and ongoing "robust" order activity entering Q2 brings an "attractive opportunity," the analyst tells investors in a research note. JPMorgan sees CDW returning to double-digit earnings growth, "helped by robust demand and operating discipline."
