Citi upgrades Softcat, downgrades Computacenter
Sharecast
Published Jul 13, 2023 09:05
Citi upgrades Softcat, downgrades Computacenter
Sharecast - "We believe that despite oft repeated risks (like disintermediation and pricing pressure), the space offers definite value with range of business models and presents a useful way to gain exposure to broader IT spending trend," the bank said.
Based on its analysis of fundamental positioning and valuations, it upgraded upgrading Softcat to ‘buy’ and downgraded Computacenter (LON:CCC) to ‘neutral’.
At 0820 BST, Softcat shares were up 4.8% at 1,454p, while Computacenter was down 1.2% at 2,166p.
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