Will This Price Target Increase Help CDW Corp (CDW) Stock Today?

NEW YORK (TheStreet) -- CDW Corp (CDW) stock has had its price target and estimates increased, Barclays said Thursday. The firm said the revision was driven by demand in healthcare and SMB with higher levels of solution sales. A $36 price target has been set and "overweight" rating reiterated.

"We believe the pace of CDW's business remains solid, helped by a corporate PC upgrade cycle and strong education sales," analyst Ben A. Reitzes wrote in a report. 

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

"We are raising our 2015 and 2016 annual estimates to account for our view that demand could improve in healthcare and SMB accompanied by higher levels of solution sales (higher margin)."

For fiscal 2014, Barclays forecasts adjusted earnings of $2.17 a share and sales growth of 7% to $11.51 billion. 

Barlcays upped its estimates for adjusted earnings in fiscal 2015 to $2.48 a share from $2.46 a share with sales growth of 6% to $12.24 billion from $12.18 billion. 

Fiscal 2016 estimates have also been increased to $2.78 a share from $2.72 a share with sales of $12.94 billion, previously $12.81 billion. 

Must read: Warren Buffett's 25 Favorite Stocks

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

If you liked this article you might like

Best Stocks to Buy Now That the Dow Has Cratered

Best Stocks to Buy Now That the Dow Has Cratered

What the Tax Cuts Mean for Apple, Cisco and Silicon Valley

What the Tax Cuts Mean for Apple, Cisco and Silicon Valley

IT Services Provider CDW Could Get a Boost From Trump's Presidency

IT Services Provider CDW Could Get a Boost From Trump's Presidency

CDW Looks Good on Multiple Timeframes

CDW Looks Good on Multiple Timeframes

CDW Stock Gaining on Solid Q2 Earnings

CDW Stock Gaining on Solid Q2 Earnings