DXC Technology price target lowered to $17.50 from $23 at BMO Capital

BMO Capital analyst Keith Bachman lowered the firm’s price target on DXC Technology to $17.50 from $23 and keeps a Market Perform rating on the shares. The company’s FY25 guidance was weaker than expected across the board and notably in free cash flow, the analyst tells investors in a research note. DXC is executing another restructuring and anticipates an incremental $250M, but investors are left to ask what will be different in this new restructure vs. the prior iterations, the firm added.