In a report published Tuesday, Stifel Nicolaus analyst Matthew Sheerin initiated coverage on CDW
In the report, Stifel Nicolaus noted, “CDW is a leading reseller of IT products and services in North America, with 2012 revenue of $10.1 billion and industry-leading margins. The company first went public in 1993 and private in 2007 through a leveraged buyout led by private equity firms Madison Dearborn and Providence Equity. We see CDW as a relatively low-risk way to play IT spending in North America, given its diverse market exposure, broad base of product offerings and vendor relationships, and industry-leading margins and returns.”
CDW closed on Monday at $22.79.
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