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Fly News Breaks for May 24, 2019
DXC
May 24, 2019 | 06:55 EDT
Wells Fargo analyst Edward Caso lowered his price target for DXC Technology to $55 from $72 citing the company's Q4 revenue miss and "weak" fiscal 2020 guidance. DXC talking about current contract give ups in exchange for future digital work suggests ongoing margin pressure, Caso tells investors in a post-earnings research note. He keeps a Market Perform rating on the shares.
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