(Sharecast News) - Citi upgraded Softcat and downgraded Computacenter on Thursday as it refreshed its view on the European value-added resellers, "keeping in consideration a return to more normal growth for the space post pandemic induced spurt in demand".
"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 to 'neutral'.
At 0820 BST, Softcat shares were up 4.8% at 1,454p, while Computacenter was down 1.2% at 2,166p.


(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and on Wednesday:


(Sharecast News) - Citi downgraded Softcat to 'neutral' from 'buy' on Monday and lifted the price target to 1,950p from 1,550p as it argued that "even...


(Sharecast News) - Citi downgraded Softcat to 'neutral' from 'buy' on Monday and lifted the price target to 1,950p from 1,550p as it argued that "even...


(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and on Friday:


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(Alliance News) - The following are the leading risers and fallers among FTSE 100 and 250 index constituents on Monday.


(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday:


(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday:


(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning, Monday and Friday:


(Sharecast News) - Analysts at Berenberg raised their target price on software firm Softcat from 1,900p to 1,950p on Tuesday, following the group's th...