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DXC

DXC Technology

$64.59

-0.87 (-1.33%)

08:36
02/08/19
02/08
08:36
02/08/19
08:36

DXC Technology delivered and shares are still cheap, says Citi

DXC Technology delivered its promised sequential revenue growth in fiscal Q3 at a higher level than expected and beat and raised its earnings outlook, Citi analyst Ashwin Shirvaikar tells investors in a post-earnings research note. The analyst looks for DXC to continue to recover the ground its stock lost following the revenue disappointment during December. Importantly, demand metrics such as bookings in the quarter were good, and the stock remains "quite cheap," Shirvaikar contends. He keeps a Buy rating on DXC Technology with an $88 price target.

DXC DXC Technology
$64.59

-0.87 (-1.33%)

01/08/19
RHCO
01/08/19
DOWNGRADE
Target $65
RHCO
Hold
DXC Technology downgraded to Hold from Buy at SunTrust
SunTrust analyst Frank Atkins downgraded DXC Technology (DXC) to Hold from Buy and lowered his price target to $65 from $75 after its Luxoft (LXFT) acquisition announcement, saying the deal shifts the investment narrative from "margin expansion" to "revenue driven focus". The analyst notes that while the merger represents a "strategic growth in talent and capabilities", the price paid is detrimental to a balance sheet given the currently volatile technology space environment, adding that the company's 3-year growth forecasts may be back-end weighted.
01/08/19
JPMS
01/08/19
NO CHANGE
Target $83
JPMS
Overweight
DXC acquisition 'checks the right boxes,' says JPMorgan
JPMorgan analyst Tien-tsin Huang says DXC Technology's (DXC) acquisition of Luxoft (LXFT) "checks the right boxes" to better control the narrative on attaining sustainable revenue growth. The analyst had been hoping for DXC to "change its stripes and prioritize acquiring for revenue growth," and he views Luxoft as a "great match." Luxoft gives DXC scale in the attractive outsourced engineering market that's growing solidly in double-digits and should benefit from being on DXC's network, Huang tells investors in a research note. He keeps an Overweight rating on DXC Technology with an $83 price target.
01/16/19
01/16/19
DOWNGRADE
Target $4.5

Equal Weight
Morgan Stanley downgrades Exela to Equal Weight on limited liquidity, visibility
As previously reported, Morgan Stanley analyst Brian Essex downgraded Exela Technologies (XELA) to Equal Weight from Overweight, stating that a recent cut to guidance for full-year EBITDA gave some investors pause, with no visibility into when the issue may be addressed, and he believes liquidity limits the universe of potential buyers for the stock. He cut his price target on Exela shares to $4.50 from $9.00. In terms of his outlook for the broader IT Services space, Essex said Digital Transformation, Cloud, and Automation are expected to drive healthy demand into 2019. Accenture (ACN) and DXC Technology (DXC) remain his top picks in the space, as he anticipates investor demand for quality, defensive stocks.
01/22/19
01/22/19
DOWNGRADE
Target $59

Hold
Berenberg sees low risk of DXC deal failing, downgrades Luxoft to Hold
As previously reported, Berenberg analyst Georgios Kertsos downgraded Luxoft (LXFT) to Hold from Buy, stating that DXC Technology's (DXC) deal to acquire Luxoft for $59 per share confirms his long-held bull view. He believes the deal complements DXC's IT capabilities and thinks the risk that the deal fails is low, Kertsos tells investors.

TODAY'S FREE FLY STORIES

BHVN

Biohaven Pharmaceutical

$44.16

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F

Ford

$10.20

-0.06 (-0.58%)

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RTN

Raytheon

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2.45 (1.39%)

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UTX

United Technologies

$132.37

1.08 (0.82%)

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LMT

Lockheed Martin

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  • 23

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ARES

Ares Management

$28.13

-0.305 (-1.07%)

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HAFC

Hanmi Financial

$21.68

-0.105 (-0.48%)

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  • 23

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PAYS

Paysign

$17.49

-0.48 (-2.67%)

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MEOH

Methanex

$43.19

0.83 (1.96%)

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  • 01

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Conference/Events
Credit Suisse biotech analysts to hold an analyst/industry conference call »

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SHIP

Seanergy Marine

$0.64

-0.0425 (-6.25%)

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SONM

Sonim

$13.42

0.24 (1.82%)

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Conference/Events
Sonim management to meet with Oppenheimer »

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KINS

Kingstone Companies

$8.81

0.09 (1.03%)

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  • 07

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Options
Preliminary option volume of 22.6M today »

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BA

Boeing

$377.34

16.17 (4.48%)

, MSFT

Microsoft

$136.62

0.33 (0.24%)

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Fly Intel: Wall Street's top stories for Friday »

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BA

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$377.34

16.17 (4.48%)

MSFT

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0.33 (0.24%)

AMZN

Amazon.com

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AAPL

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WMT

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DIS

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GCI

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SKX

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PACB

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ILMN

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CHWY

Chewy

$30.70

-2.09 (-6.37%)

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VIX

Volatility Index S&P 500 Options

$0.00

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

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BCBP

BCB Bancorp

$12.71

-0.09 (-0.70%)

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Earnings
BCB Bancorp reports Q2 EPS 30c, consensus 30c »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

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CNXM

CNX Midstream Partners

$14.30

-0.205 (-1.41%)

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  • 30

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TELL

Tellurian

$7.25

0.22 (3.13%)

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16:15
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General news
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ROKU

Roku

$106.83

-2.18 (-2.00%)

16:13
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Conference/Events
Roku management to meet with Oppenheimer »

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  • 22

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