I see Morgan Stanley has initiated coverage on the stock with a $16.00 PT. COMMENTARY
Morgan Stanley initiates coverage of IT hardware and software distributor Dicker Data with an Overweight rating and $16 target price. Industry View: In-Line.The broker believes the company can sustain elevated medium-term growth as it benefits from secular IT tailwinds. It's thought a current opportunity arises as the business is incorrectly viewed as a low margin and cyclical business.The analyst points out Dicker Data has a leading competitive position with one of the largest vendor and product portfolios, complemented by leading technical capabilities. The valuation is estimated to be undemanding relative to key peer Data#3 ((DTL)).
Anyone have the research note?
DDR Price at posting:
$12.27 Sentiment: None Disclosure: Held
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