UPDATE: DXC Technology (DXC) PT Raised to $97 at Cantor Fitzgerald
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Price: $21.04 +3.04%
Rating Summary:
3 Buy, 11 Hold, 6 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 15 | Down: 11 | New: 13
Rating Summary:
3 Buy, 11 Hold, 6 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 15 | Down: 11 | New: 13
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(Updated - May 25, 2018 7:20 AM EDT)
Cantor Fitzgerald raised its price target on DXC Technology (NYSE: DXC) to $97.00 (from $87.00) while maintaining a Neutral rating following the company's 4Q earnings release. 4Q revenue of $6.29 bn was down 1.3% organically y/y in constant currency; however, revenue was above the FactSet consensus. Non-GAAP EPS of $2.28 topped the consensus of $2.23.
DXC issued FY19 top-line guidance, projecting revenues to be flat y/y compared to FY18, excluding the USPS business. Total revenues are guided to be $21.5-22.0 bn. Non-GAAP EPS expectations are $7.75-8.15 vs. the $6.71 in FY18, excluding USPS.
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