SunTrust analyst Frank Atkins downgraded DXC Technology (DXC) to Hold from Buy and lowered his price target to $65 from $75 after its Luxoft (LXFT) acquisition announcement, saying the deal shifts the investment narrative from "margin expansion" to "revenue driven focus". The analyst notes that while the merger represents a "strategic growth in talent and capabilities", the price paid is detrimental to a balance sheet given the currently volatile technology space environment, adding that the company's 3-year growth forecasts may be back-end weighted.