Citigroup Downgrades DXC Technology to Neutral, Lowers Price Target to $25
Portfolio Pulse from richadhand@benzinga.com
Citigroup analyst Ashwin Shirvaikar has downgraded DXC Technology from Buy to Neutral and lowered the price target from $32 to $25.
August 04, 2023 | 1:21 pm
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DXC Technology has been downgraded from Buy to Neutral by Citigroup, with a lowered price target of $25.
The downgrade from Buy to Neutral by Citigroup indicates a less optimistic outlook for DXC Technology. The lowered price target from $32 to $25 suggests that the analyst believes the stock is currently overvalued. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100