DXC Technology price target lowered to $18 from $24 at RBC Capital

RBC Capital lowered the firm’s price target on DXC Technology to $18 from $24 and keeps a Sector Perform rating on the shares after its Q4 results and “disappointing” guidance. The company has been in a transition for multiple years and despite the best efforts of multiple leaders, one has to ask the question whether this business can be fixed, the analyst tells investors in a research note. With the new management undertaking yet another restructuring to streamline the business, DXC’s FY25 will be another transition year, the firm adds.