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Fly News Breaks for May 21, 2019
DXC
May 21, 2019 | 08:40 EDT
BMO Capital analyst Keith Bachman lowered his price target on DXC Technology to $70, adjusting his model to reflect his rolled out 6-times enterprise value to expected FY21 EBITDA multiple. The analyst also keeps his Outperform rating on the stock, saying its future value will be sustained by the company's growing revenues and realized cost savings. Bachman adds that he expects DXC Technology to grow its revenue by up to 1% in the second half of FY20 and in FY21, with even "modest" organic growth being well received by investors.
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