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-0.00495146009591021 -0.00799251432804391 -0.00514639946976488 5.84818121563662E-05 -0.0131779016725798 0.00074076962064797 -0.000194939373854775 -0.000194939373854775
Stock impact report

US IT hardware stocks fall as Morgan Stanley turns cautious on sector [Yahoo! Finance]

CDW Corporation (CDW) 
Last cdw corporation earnings: 2/6 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.cdw.com
Company Research Source: Yahoo! Finance
drastically reduce their spending ?budgets as enterprise demand slows and component costs rise. U.S.-listed shares of Logitech ?and NetApp dropped 6.2% and about 3.8% respectively in premarket trading after the Wall Street brokerage slashed its rating on both companies to "underweight" from "equal-weight". Morgan Stanley reduced its rating on CDW Corporation to "equal-weight" ?from "overweight", sending its shares ?down 2.1%. Shares of Dell Technologies, HP Inc and Hewlett Packard Enterprise also fell between 2%-3%. "A 'perfect storm' ?of slowing demand, input cost inflation and rich valuations is emerging, leading us to get more defensive into 2026," Morgan Stanley analysts wrote. The ?brokerage cut its North American IT Hardware industry view to "cautious" ?from "in-line," and said corporate technology leaders have started to dial back hardware spending plans - which is a 'new cautionary sign' - adding to existing concerns including input cost inflation and supply shortage Show less Read more
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