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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