BUZZ-CDW gains after Morgan Stanley raises to 'overweight' on strong server demand

CDW Corporation

CDW Corporation

CDW

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** Shares of IT solutions provider CDW CDW.O rise ~4% to $128.54 premarket

** Morgan Stanley upgrades to "overweight" from "equal-weight;" raises PT to $170 from $142

** New PT implies a 37.6% upside to the stock's last close

** Brokerage believes market is underestimating server revenue growth in 2026 and 2027

** Over 20% of CDW's revenue comes from servers, storage and networking, where demand trends are stronger than we previously modeled - Morgan Stanley

** Average rating of 12 analysts is "buy;" their median PT is $147 - data compiled by LSEG

** Up to last close, stock down 9.3% so far this year


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