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Fly News Breaks for May 20, 2019
DXC
May 20, 2019 | 07:25 EDT
KeyBanc analyst Arvind Ramnani lowered his price target for DXC Technology to $88 from $97, while reiterating an Overweight rating on the shares. The analyst notes that DXC has largely underperformed the S&P 500 year to date as investors are skeptical about its transition to a revenue growth story and Street expectations have been mismanaged. Despite negative investor sentiment, Ramnani finds risk/reward to be attractive at these levels, with DXC having one of the lowest valuations in tech.
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