TD Cowen Downgrades DXC Technology to Market Perform, Lowers Price Target to $25
Portfolio Pulse from richadhand@benzinga.com
TD Cowen analyst Bryan Bergin has downgraded DXC Technology (NYSE:DXC) from Outperform to Market Perform and lowered the price target from $34 to $25.
August 04, 2023 | 1:18 pm
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NEGATIVE IMPACT
DXC Technology has been downgraded by TD Cowen from Outperform to Market Perform, with a reduced price target of $25, down from $34.
The downgrade from TD Cowen is likely to negatively impact DXC Technology's stock in the short term. The reduced price target suggests the analyst sees less upside potential in the stock, which could lead to selling pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100