CDW and HD Supply Quiet Periods End, Analysts Weigh In Positively

Investing

Published: August 6, 2013 9:10 am

Wall Street is seeing the quiet period end for two recent hot initial public offerings (IPOs) this Tuesday. CDW Corp. (NASDAQ: CDW) and HD Supply Holdings Inc. (NASDAQ: HDS) have both performed very well, both up close enough to 30% or so since coming public. It turns out that the Wall Street analysts are still biased on the upside ahead for both companies.

CDW Corp. (NASDAQ: CDW) is the retail and wholesale place for computers and office technology offerings that was taken private during the private equity boom. Its stock closed at $22.79 on Monday and its IPO price was $17 against a post-IPO range of $17.38 to $23.00.

HD Supply Holdings Inc. (NASDAQ: HDS) is an industrial distribution company and its shares closed on Monday at $23.00 against a post-IPO trading range of $17.80 to $23.33 with a $4.2 billion market cap. Its 53+ million share IPO was at $18.00 per share.

CDW Corp. (NASDAQ: CDW) analysts gave it the following coverage:

Equal Weight and $24 price target at Barclays
Buy and $26 price target at Deutsche Bank
Buy and $27 price target at Goldman Sachs
Overweight and $26 price target at J.P. Morgan
Equal Weight at Morgan Stanley
Outperform and $25 price target at Raymond James
Neutral and $25 price target at RW Baird
Buy and $27 price target at Stifel Nicolaus

HD Supply Holdings Inc. (NASDAQ: HDS) has the following analyst initiations:

Overweight and a $27 price target at Barclays
Buy and $28 price target at BB&T
Neutral and $24 price target at Citigroup
Outperform and $27 price target at Credit Suisse
Buy and $28 price target at Deutsche Bank
Neutral and $23 price target at Goldman Sachs
Overweight and $27 price target at J.P. Morgan
Outperform and $25 price target at Raymond James
Buy and $27 price target at UBS
Outperform and a $25 to $27 range at Wells Fargo
Outperform at William Blair

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