Susquehanna analyst James Friedman lowered the firm’s price target on DXC Technology (DXC) to $14 from $16 and keeps a Neutral rating on the shares. The firm said while the stock is still a “show-me” story, the company unveiled a dynamic new framework for managing the business on a “Core” and “FastTrack” orientation. While the Core will continue to house the heritage business, FastTrack houses the AI initiatives, including a refresh of Hogan, an orchestration layer, and a variety of SAAS initiatives around Insurance and beyond.
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