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Fly News Breaks for April 5, 2018
DXC
Apr 5, 2018 | 06:36 EDT
JPMorgan analyst Tien-tsin Huang raised his price target for DXC Technology to $114 ahead of the public sector business spin-off in May. The analyst's base case indicates the spin can unlock 5% upside in current value, or potentially double-digit upside if DXC can commit to incremental cost synergies to neutralize the earnings loss of spinning out the USPS business. He keeps an Overweight rating on DXC Technology shares.
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