UPDATE: Susquehanna Downgrades DXC Technology (DXC) to Neutral

September 16, 2022 6:05 AM EDT
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Price: $29.11 +0.55%

Rating Summary:
    7 Buy, 8 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 5 | Down: 14 | New: 17
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(Updated - September 16, 2022 6:16 AM EDT)

Susquehanna analyst James Friedman downgraded DXC Technology (NYSE: DXC) from Positive to Neutral with a price target of $31.00 (from $39.00).

The analyst comments "We are lowering estimates on INFY, DXC and EPAM. These are all first-class operators with good managments and reasonable valuations. It is early still, but industrywide demand challenges may be surfacing in a growing number of verticals and service lines, and there seems to be a shortage of large deals. With furlough prospects growing, consensus now looks full to us, and we would rather be ahead of potential downward revisions. We are lowering INFY and DXC to Neutral, while trimming EPAM but staying Positive."

For an analyst ratings summary and ratings history on DXC Technology click here. For more ratings news on DXC Technology click here.

Shares of DXC Technology closed at $27.47 yesterday.

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