** Shares of IT solutions provider CDW fall ~1% to $214.99 in premarket trading
** J.P.Morgan downgrades stock to "neutral" from "overweight"; cuts price target to $235 from $260
** Brokerage says CDW to continue facing headwind from sluggish enterprise spending
** "Understandably, expectations are for a recovery in enterprise IT spending over the next-twelve months, but the pace of the recovery is more likely to be sluggish rather than a robust rebound"- Brokerage says
** Expects CDW earnings growth in the next couple of years to track below the double-digit range that investors have come to expect from co
** 8 of 13 brokerages rate the stock "buy" or higher, 5 "hold" ; their median PT is $245
** CDW stock has fallen 4.5% YTD
(Reporting by Harshita Mary Varghese in Bengaluru)
((HarshitaMary.Varghese@thomsonreuters.com))
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