Market Overview

Barclays: CDW Top Technology Pick, Apple Still A Favorite

Share:

Ben Reitzes of Barclays on Wednesday commented that CDW Corp (NASDAQ: CDW) is a top technology pick as the company is well positioned grow revenues and earnings through 2016.

Reitzes notes that CDW, unlike other major technology firms like IBM (NYSE: IBM) and Lexmark (NYSE: LXK), has no revenue exposure (and currency tailwinds) to Europe or Asia. The analyst adds IBM and Lexmark could have the biggest hits overall, largely U.S.-based CDW is best positioned with regard to currency.

Reitzes adds that while corporate PC demand will likely fade in 2015, CDW's segments like Healthcare, Federal and Education could post upside.

Reitzes also states that Apple Inc. (NASDAQ: AAPL) is “still a favorite” as checks indicate the company is performing well in the U.S., Europe and China in the near-term while the Apple Watch device and a TV strategy will “drive shares” into 2016.

Shares of CDW were recently down 2.8 percent at $35.27.

Shares of Apple were down about 1 percent at $109.03.

Latest Ratings for CDW

DateFirmActionFromTo
Aug 2020Morgan StanleyMaintainsEqual-Weight
Jun 2020Raymond JamesUpgradesMarket PerformOutperform
Jun 2020Morgan StanleyUpgradesUnderweightEqual-Weight

View More Analyst Ratings for CDW
View the Latest Analyst Ratings

 

Related Articles (AAPL + CDW)

View Comments and Join the Discussion!

Posted-In: Apple TV Apple Watch Asia Barclays Ben ReitzesAnalyst Color News Analyst Ratings

Latest Ratings

StockFirmActionPT
PRTKHC Wainwright & Co.Maintains19.0
MCRBHC Wainwright & Co.Maintains41.0
EOLSHC Wainwright & Co.Maintains8.0
PRTSSmall Cap Consumer ResearchMaintains16.0
FIXXHC Wainwright & Co.Maintains30.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com