Fly News Breaks for April 3, 2017
HPE, CSC, DXC
Apr 3, 2017 | 09:29 EDT
BMO Capital analyst Keith Bachman says that, based on HP Enterprises' (HPE) current valuation, DXC's trough should be $58. However, the analyst expects CSC (CSC) shareholders to start buying at that level, and he says that DXC's valuation "could test" the low $60s. The analyst expects DXC to "face some selling pressure in coming weeks." He keeps an Outperform rating on CSC.
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