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Fly News Breaks for October 8, 2019
DXC
Oct 8, 2019 | 09:35 EDT
MoffettNathanson analyst Lisa Ellis noted that DXC Technology shares are down 70% over the past twelve months and the company now has a new CEO, making it a good time in her opinion to "hit the 'reset' button" and focus on what is next to come for the company rather than what has already happened. Given her view of the company's revenue, margin and free cash flow outlook Ellis maintains a Neutral rating on the stock and lowered her price target on DXC shares to $36 from $43.
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