DXC Technology price target raised to $17 from $15 at BMO Capital

BMO Capital raised the firm’s price target on DXC Technology (DXC) to $17 from $15 and keeps a Market Perform rating on the shares. The company delivered a slight beat to Q3 organic growth, though the Q4 revenue guide was disappointing, and management lowered the mid-point of the FY revenue guide, the analyst tells investors in a research note. The management continues to highlight progress from recent AI and go-to-market efforts, but DXC still has a long way to go in its turnaround and reaching revenue stability, the firm added.