CDW Trading Volume Drops 44% Ranking 422nd Amid Morgan Stanley Upgrade

On April 8, 2025, CDW's trading volume was $309 million, a 44.34% decrease from the previous day, ranking 422nd in the day's stock market. CDW's stock price fell by 0.79%.

Morgan Stanley has upgraded CDW Corporation to Overweight, citing its diversified business model and attractive valuation. The firm's analyst, Erik Woodring, set a price target of $171.00, down from the previous target of $201.00. This upgrade comes despite a broader policy uncertainty and slowing growth in the IT hardware sector. Morgan Stanley has also reduced its 2025 and 2026 EPS forecasts for the sector by 15-18% and cut price targets by nearly 30% on average, warning of a multi-quarter hardware downcycle and downside risks.

The firm highlighted that CDW's 15x P/E valuation offers relative defensiveness in late-cycle conditions. Despite the challenges, CDW's growing cloud revenue mix and potential strategic shifts due to activist involvement make it an attractive investment. Morgan Stanley also noted that hardware stocks have underperformed by 12 percentage points since peaking in February, but cautioned that valuations could still fall further if a full recession materializes.