Wells Fargo analyst Ed Caso raised his price target for DXC Technology to $32 from $46 given the recent unexpected and abrupt resignation of CEO Mike Lawrie and the immediate shift to new CEO Mike Salvino. The analyst notes that investors are increasingly concerned whether DXC can actually revive organic growth without meaningfully reducing the EBITDA margin outlook, while Caso remains concerned about further reductions in the financial outlook. He expects the shares to remain volatile around current levels, and reiterates a Market Perform rating on the stock.