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Fly News Breaks for November 26, 2018
DXC
Nov 26, 2018 | 09:22 EDT
As reported previously, Cowen analyst Bryan Bergin upgraded DXC Technology to Outperform from Market Perform as he sees significant upside potential for patient investors. He said the company can employ significant financial flexibility to execute toward revenue stabilization. The analyst sees management as a proven team of operators with a coherent plan, and believes the stock's depressed valuation supports a favorable risk/reward. However, Bergin lowered his price target to $80 from $90 on DXC Technology shares.
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