RBC Capital Downgrades DXC Technology to Sector Perform, Lowers Price Target to $29
Portfolio Pulse from richadhand@benzinga.com
RBC Capital analyst Daniel Perlin has downgraded DXC Technology from Outperform to Sector Perform and lowered the price target from $34 to $29.
August 04, 2023 | 12:43 pm
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DXC Technology has been downgraded by RBC Capital from Outperform to Sector Perform, with a reduced price target of $29.
The downgrade by RBC Capital from Outperform to Sector Perform indicates a less optimistic outlook for DXC Technology. The lowering of the price target from $34 to $29 also suggests that the analyst believes the stock is overvalued at its current price. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100