Citigroup Downgrades DXC Technology to Sell, Lowers Price Target to $21
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Ashwin Shirvaikar has downgraded DXC Technology (NYSE:DXC) from Neutral to Sell and reduced the price target from $24 to $21.
January 17, 2024 | 12:42 pm
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DXC Technology was downgraded by Citigroup from Neutral to Sell with a price target cut from $24 to $21, indicating a bearish outlook.
The downgrade by a major financial institution like Citigroup, accompanied by a reduction in the price target, is likely to negatively influence investor sentiment and could lead to a short-term decline in DXC Technology's stock price.
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