JP Morgan Maintains Underweight on DXC Technology, Raises Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Tien-Tsin Huang maintains an Underweight rating on DXC Technology but raises the price target from $19 to $22.
September 06, 2024 | 6:03 pm
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NEUTRAL IMPACT
JP Morgan has maintained an Underweight rating on DXC Technology, indicating a cautious stance, but has raised the price target from $19 to $22, suggesting some positive outlook.
The Underweight rating suggests a cautious view on DXC Technology, indicating that the stock may underperform relative to the market. However, the increase in the price target from $19 to $22 suggests that there is some positive sentiment or expected improvement in the company's performance. This mixed signal may lead to a neutral short-term impact on the stock price as investors weigh the cautious rating against the higher price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100