Kyndryl Holdings price target raised to $55 from $47 at Oppenheimer

Oppenheimer raised the firm’s price target on Kyndryl Holdings (KD) to $55 from $47 and keeps an Outperform rating on the shares. The path to EPS of about $5 has become clearer, the firm says. The company continues to win new business at a healthy clip and low/no-margin business continues to reprice. Cloud and Consult should push topline growth into the mid-single digit by FY28 with pre-tax income margins of 8.4% in FY28, Oppenheimer adds.