DXC Technology selloff presents compelling entry point, says Morgan Stanley
Morgan Stanley analyst Brian Essex believes the recent selloff in DXC Technology shares presents a compelling entry point ahead of the company's earnings report after market close tonight. He doesn't anticipate meaningful medium-term guidance along with earnings, as the company has historically deferred to its investor day for that, but that event comes two days later on Thursday, Essex noted. The analyst forecasts medium-term guidance could fall in the range of 1-4% for revenue growth, with EPS guidance of $9.25-$10, which he thinks would be achievable and well-received by investors. Ahead of the earnings report and analyst day meeting, Essex keeps an Overweight rating and $103 price target on DXC shares.