RBC Capital lowered the firm’s price target on DXC Technology (DXC) to $18 from $27 and keeps a Sector Perform rating on the shares. The company reported a solid quarter with revenue and EPS above estimates, as well as showing improvement in its book-to-bill, though given an uncertain macro and its mix towards larger products, coupled with call outs of a weaker April in consumer and retail, DXC’s guidance underwhelmed, causing a negative reaction to the shares, the analyst tells investors in a research note.
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Read More on DXC:
- DXC Technology price target lowered to $15 from $24 at Stifel
- DXC Technology price target lowered to $16 from $22 at Morgan Stanley
- Cautious Outlook for DXC Technology Amid Slower Growth Projections and Economic Pressures
- DXC Technology Reports Mixed Fiscal 2025 Results
- Cautious Hold Rating for DXC Technology Amid Transition Challenges and Investment Needs
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