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Fly News Breaks for December 20, 2019
DXC
Dec 20, 2019 | 08:27 EDT
BMO Capital analyst Keith Bachman raised his price target on DXC Technology to $43 as the company pursues its strategic alternatives, saying its asset sales may generate up to $6B and should be a positive for the stock, even though the prospects for RemainCo are likely to be "challenging". The analyst also maintains his Market Perform rating on the shares while cutting his FY20 and FY21 EPS views by 36c and 30c to $5.39 and $5.83 respectively.
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