Susquehanna lowered the firm’s price target on DXC Technology (DXC) to $16 from $23 and keeps a Neutral rating on the shares. The firm lowered its target and estimates as they think Q1 began ok but as visibility has faded, they now expect softening of quarter-over-quarter into Q2 and likely beyond.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DXC:
- DXC Technology appoints Anders Lange as Chief Procurement Officer
- DXC Technology appoints T.R. Newcomb as Chief Revenue Officer
- DXC Technology selected by Parfois Group as data intelligence partner
- DXC Technology promotes Ragone to Chief People Officer
- DXC Technology appoints McClanahan Global Leader of Business, Sales Operations