DXC Technology price target lowered to $17 from $26 at BMO Capital

BMO Capital analyst Keith Bachman lowered the firm’s price target on DXC Technology (DXC) to $17 from $26 and keeps a Market Perform rating on the shares after its Q4 results. The company’s restructuring and path to improved growth appears to remain a work in progress, and while the stock’s valuation remains intriguing, the firm is comfortable remaining on the sidelines until there is evidence of improved and sustainable growth, the analyst tells investors in a research note. The FY26 guide of a 4% y/y organic constant currency decline was also modestly disappointing, BMO added.