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Recommendations
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Citi analyst Jim Suva… Citi analyst Jim Suva announced his top 2023 stock picks for the IT hardware space, preferring companies with "large and unique" backlogs over those with consumer electronics exposure. This is on the view that 2023 will see a slowdown and possible recession, with higher costs for consumers, resulting in less disposable income, Suva tells investors in a research note. The analyst's top stock picks for 2023 in the IT hardware sector are CDW (CDW), Jabil (Jabil), TD Synnex (SNX), Amphenol (APH) and Flex (FLEX). Suva's Sell-rated stocks are GoPro (GPRO), HP Enterprise (HPE) and Xerox (XRX). ShowHide Related Items >><< - 11/14/22
- Xerox appoints John Bruno as President and COO
- 11/02/22
- Xerox spins out Novity
- 10/25/22
- Xerox drops 9% to $14.40 after Q3 results miss estimates
- 10/10/22
- Xerox appoints Fred Beljaars as EVP, chief delivery, supply chain offic
- 12/12/22
- BIO-key, TD Synnex partner for identity-bound biometric MFA solutions
- 10/17/22
- TD Synnex now formally transitioned TD SYNNEX brand in Europe and Latin America
- 10/11/22
- TD Synnex, University of South Florida create sustainability partnership
- 08/31/22
- TD Synnex, Syniti announce partnership
- 11/14/22
- Jabil opens new design center in Poland
- 11/04/22
- Jabil says Kenny Wilson to succeed Mark Mondello as CEO on May 1, 2023
- 11/01/22
- Jabil exec Smith sells 17,618 common shares
- 09/27/22
- Jabil announces $1B share repurchase program
- 12/07/22
- HP Enterprise announces partnership with 2023 Ryder Cup
- 11/08/22
- HP Enterprise, VMware announce next phase of partnership
- 10/19/22
- HP Enterprise sees revenue growth up 2%-4% over the long term
- 09/26/22
- KAUST selects HP Enterprise to build supercomputer in Middle East
- 11/08/22
- GoPro says HERO11 Black Mini is now shipping
- 11/03/22
- GoPro sees FY23 gross margin at the low end of 40%-43% in constant currency
- 11/03/22
- GoPro expects company to be profitable in 2023
- 08/16/22
- GoPro subscription surpasses 2M subscribers
- 07/19/22
- A2Z Smart Technologies announces credit line with Flex
- 07/13/22
- Flex commits to net zero greenhouse gas emissions by 2040
- 06/27/22
- Flex, Ceva announce silicon implementation using eFPGA
- 11/02/22
- CDW increases cash dividend 18% to 59c per share
- 08/04/22
- CDW appoints Carolyn Wiesenhahn as CPO
- 10/26/22
- Amphenol increases quarterly dividend 5% to 21c per share
- 12/20/22 JPMorgan
- CDW price target raised to $225 from $215 at JPMorgan
- 11/03/22 Citi
- CDW price target lowered to $210 from $220 at Citi
- 10/17/22 Evercore ISI
- CDW added to 'Tactical Outperform' list at Evercore ISI
- 10/17/22 Morgan Stanley
- CDW price target lowered to $200 from $227 at Morgan Stanley
- 12/16/22 Citi
- Jabil price target raised to $85 from $80 at Citi
- 12/13/22 UBS
- Jabil initiated with a Neutral at UBS
- 09/28/22 Raymond James
- Jabil price target lowered to $72 from $80 at Raymond James
- 09/21/22 Citi
- Citi opens 'positive 30-day catalyst watch' on Jabil into earnings
- 10/12/22 Raymond James
- TD Synnex added to Analyst Current Favorites list at Raymond James
- 10/04/22 RBC Capital
- TD Synnex initiated with a Sector Perform at RBC Capital
- 09/28/22 Barrington
- TD Synnex price target lowered to $98 from $106 at Barrington
- 09/28/22 Raymond James
- TD Synnex price target lowered to $140 from $175 at Raymond James
- 12/20/22 JPMorgan
- Amphenol added to Analyst Focus List at JPMorgan
- 12/12/22 Credit Suisse
- Amphenol initiated with an Outperform at Credit Suisse
- 11/22/22 Jefferies
- Amphenol downgraded to Hold on valuation at Jefferies
- 11/22/22 Jefferies
- Amphenol downgraded to Hold from Buy at Jefferies
- 12/13/22 Goldman Sachs
- Flex price target raised to $24 from $22 at Goldman Sachs
- 08/16/22 Credit Suisse
- Flex initiated with an Outperform at Credit Suisse
- 06/01/22 Goldman Sachs
- Flex price target lowered to $21 from $24 at Goldman Sachs
- 05/18/22 Argus
- Flex upgraded to Buy from Hold at Argus
- 11/04/22 Oppenheimer
- GoPro downgraded to Perform from Outperform at Oppenheimer
- 11/04/22 JPMorgan
- JPMorgan downgrades GoPro on softening consumer spend
- 11/04/22 JPMorgan
- GoPro downgraded to Neutral from Overweight at JPMorgan
- 10/17/22 Morgan Stanley
- GoPro price target lowered to $6.10 from $7.30 at Morgan Stanley
- 12/21/22 Citi
- Citi reveals top telecom equipment stock picks for 2023
- 12/20/22 JPMorgan
- HP Enterprise price target raised to $20 from $18 at JPMorgan
- 12/05/22 Loop Capital
- HP Enterprise price target raised to $17 from $14 at Loop Capital
- 11/30/22 Susquehanna
- HP Enterprise price target raised to $16 from $15 at Susquehanna
- 10/26/22 Citi
- Xerox price target lowered to $10 from $15 at Citi
- 10/17/22 Morgan Stanley
- Xerox price target lowered to $11 from $14 at Morgan Stanley
- 08/16/22 Credit Suisse
- Xerox initiated with an Underperform at Credit Suisse
- 07/14/22 JPMorgan
- Xerox price target lowered to $14 from $16 at JPMorgan
- 10/25/22
- Xerox sees 2022 revenue $7.0B-$7.1B, consensus $7.1B
- 10/25/22
- Xerox reports Q3 adjusted EPS 19c, consensus 40c
- 07/26/22
- Xerox sees FY22 revenue view $7.1B, consensus $7.05B
- 07/26/22
- Xerox reports Q2 adjusted EPS 13c, consensus 12c
- 09/27/22
- TD Synnex sees Q4 EPS $2.70-$3.10, consensus $2.73
- 09/27/22
- TD Synnex reports Q3 EPS $2.74, consensus $2.73
- 06/28/22
- TD Synnex backs FY22 EPS view $11.15-$11.65, consensus $11.49
- 06/28/22
- TD Synnex sees Q3 EPS $2.50-$2.90, consensus $2.66
- 12/15/22
- Jabil raises FY23 core EPS view to $8.40 from $8.15, consensus $8.18
- 12/15/22
- Jabil sees Q2 core EPS $1.64-$2.04, consensus $1.81
- 12/15/22
- Jabil reports Q1 core EPS $2.31, consensus $2.24
- 09/27/22
- Jabil sees Q1 core EPS $2.00-$2.40, consensus $2.10
- 11/29/22
- HP Enterprise backs FY23 EPS view $1.96-$2.04, consensus $2.03
- 11/29/22
- HP Enterprise sees Q1 adjusted EPS 50c-58c, consensus 49c
- 11/29/22
- HP Enterprise reports Q4 adjusted EPS 57c, consensus 56c
- 11/29/22
- Notable companies reporting after market close
- 11/03/22
- GoPro reports Q3 adjusted EPS 19c, consensus 16c
- 08/04/22
- GoPro reports Q2 adjusted EPS 8c, consensus 6c
- 10/26/22
- Flex raises FY23 adjusted EPS view to $2.20-$2.35 from $2.09-$2.24
- 10/26/22
- Flex sees Q3 adjusted EPS 57c-63c, consensus 57c
- 10/26/22
- Flex reports Q2 adjusted EPS 63c vs. 48c a year ago
- 07/27/22
- Flex backs FY23 adjusted EPS view $2.09-$2.24, consensus $2.14
- 11/02/22
- CDW reports Q3 EPS $2.60, consensus $2.52
- 08/03/22
- CDW reports Q2 adjusted EPS $2.49, consensus $2.42
- 10/26/22
- Amphenol sees FY22 adjusted EPS $2.95-$2.97, consensus $2.93
- 10/26/22
- Amphenol sees Q4 adjusted EPS 73c-75c, consensus 76c
- 10/26/22
- Amphenol reports Q3 adjusted EPS 80c, consensus 75c
- 10/25/22
- Notable companies reporting before tomorrow's open
- 06/30/22
- Dealreporter says 'odds seem good' Icahn and Deason push for Xerox sale
- 11/30/22
- HP Enterprise expressed takeover interest in Nutanix, Bloomberg says
- 10/25/22
- What You Missed On Wall Street On Tuesday
- 10/25/22
- What You Missed On Wall Street This Morning
- 06/30/22
- What You Missed On Wall Street On Thursday
- 06/30/22
- What You Missed On Wall Street This Morning
- 10/04/22
- Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations
- 09/27/22
- What You Missed On Wall Street This Morning
- 09/27/22
- Fly Intel: Pre-market Movers
- 12/15/22
- What You Missed On Wall Street On Thursday
- 12/15/22
- What You Missed On Wall Street This Morning
- 12/15/22
- Fly Intel: Pre-market Movers
- 09/27/22
- What You Missed On Wall Street On Tuesday
- 12/01/22
- What You Missed On Wall Street On Thursday
- 12/01/22
- What You Missed On Wall Street This Morning
- 11/30/22
- What You Missed On Wall Street On Wednesday
- 11/30/22
- What You Missed On Wall Street This Morning
- 11/04/22
- What You Missed On Wall Street On Friday
- 11/04/22
- What You Missed On Wall Street This Morning
- 11/04/22
- Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations
- 10/26/22
- Fly Intel: After-Hours Movers
- 11/29/22
- Hewlett Packard Enterprise options imply 4.9% move in share price post-earnings
- 08/30/22
- Hewlett Packard Enterprise options imply 5.0% move in share price post-earnings
- 12/02/22
- GoPro call volume above normal and directionally bullish
- 11/18/22
- GoPro call volume above normal and directionally bullish
- 10/07/22
- GoPro put volume heavy and directionally bearish
- 07/25/22
- GoPro call volume above normal and directionally bullish
- 09/09/22
- Flex call volume above normal and directionally bullish
- 08/24/22
- Flex call volume above normal and directionally bullish
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Recommendations
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JPMorgan analyst Samik… JPMorgan analyst Samik Chatterjee raised the firm's price target on CDW to $225 from $215 and keeps an Overweight rating on the shares. His 2023 networking and hardware outlook includes a shorter term six-month view on stock recommendations. Chatterjee prefers the combination of revenue/earnings resilience, backlog led visibility into revenues, and diversification of growth drivers within his coverage universe. This leads him to recommend Juniper (JNPR) and Amphenol (APH) as top picks and Analyst Focus List recommendations, and Keysight (KEYS), Arista (ANET), CDW (CDW), and Fabrinet (FN) as other stock recommendations for the first half of 2023. ShowHide Related Items >><< - 11/02/22
- CDW increases cash dividend 18% to 59c per share
- 08/04/22
- CDW appoints Carolyn Wiesenhahn as CPO
- 11/03/22 Citi
- CDW price target lowered to $210 from $220 at Citi
- 10/17/22 Evercore ISI
- CDW added to 'Tactical Outperform' list at Evercore ISI
- 10/17/22 Morgan Stanley
- CDW price target lowered to $200 from $227 at Morgan Stanley
- 08/16/22 Credit Suisse
- CDW initiated with an Outperform at Credit Suisse
- 11/02/22
- CDW reports Q3 EPS $2.60, consensus $2.52
- 08/03/22
- CDW reports Q2 adjusted EPS $2.49, consensus $2.42
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Recommendations
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Citi analyst Jim Suva… Citi analyst Jim Suva lowered the firm's price target on CDW to $210 from $220 and keeps a Buy rating on the shares post the earnings beat and dividend increase. CDW "continues to have extremely impressive execution and is adapting to the changes in the economy and customer technology needs," Suva tells investors in a research note. While PC growth declined and supply chain constraints have sustained, the company has continued to increase shareholder value, says the analyst. ShowHide Related Items >><< - $172.39 /
-0.195 (-0.11%) - 11/02/22
- CDW increases cash dividend 18% to 59c per share
- 08/04/22
- CDW appoints Carolyn Wiesenhahn as CPO
- 06/10/22
- CDW announces addition of two new strategy, marketing executives
- $172.39 /
-0.195 (-0.11%) - 10/17/22 Evercore ISI
- CDW added to 'Tactical Outperform' list at Evercore ISI
- 10/17/22 Morgan Stanley
- CDW price target lowered to $200 from $227 at Morgan Stanley
- 08/16/22 Credit Suisse
- CDW initiated with an Outperform at Credit Suisse
- 08/09/22 Evercore ISI
- CDW removed from 'Tactical Outperform' list at Evercore ISI
- $172.39 /
-0.195 (-0.11%) - 11/02/22
- CDW reports Q3 EPS $2.60, consensus $2.52
- 08/03/22
- CDW reports Q2 adjusted EPS $2.49, consensus $2.42
- 05/04/22
- CDW reports Q1 EPS $2.20, consensus $2.01
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Hot Stocks
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CDW Corporation announced… CDW Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.59 per common share to be paid on December 9, 2022 to all stockholders of record as of the close of business on November 25, 2022. This amount represents a 18 percent increase over last year's dividend and approximately 25 percent of the trailing-twelve-month Non-GAAP net income through September 30, 2022. Future dividends will be subject to Board of Director approval. ShowHide Related Items >><< - 08/04/22
- CDW appoints Carolyn Wiesenhahn as CPO
- 06/10/22
- CDW announces addition of two new strategy, marketing executives
- 10/17/22 Evercore ISI
- CDW added to 'Tactical Outperform' list at Evercore ISI
- 10/17/22 Morgan Stanley
- CDW price target lowered to $200 from $227 at Morgan Stanley
- 08/16/22 Credit Suisse
- CDW initiated with an Outperform at Credit Suisse
- 08/09/22 Evercore ISI
- CDW removed from 'Tactical Outperform' list at Evercore ISI
- 11/02/22
- CDW reports Q3 EPS $2.60, consensus $2.52
- 08/03/22
- CDW reports Q2 adjusted EPS $2.49, consensus $2.42
- 05/04/22
- CDW reports Q1 EPS $2.20, consensus $2.01
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