DXC Technology price target raised to $25 from $22 at BMO Capital

BMO Capital analyst Keith Bachman raised the firm’s price target on DXC Technology (DXC) to $25 from $22 and keeps a Market Perform rating on the shares. The company’s Q2 results were “mixed” with weak Global Business Services segment performance but strength on margins, the analyst tells investors in a research note. DXC is still in the early innings of a long turnaround, though BMO is “encouraged” by the commentary on expanded senior leaders and improving discussions with customers, the firm added.