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Citi upgrades Softcat, downgrades Computacenter

Published 13/07/2023, 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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