DXC Technology price target lowered to $24 from $29 at RBC Capital

RBC Capital analyst Daniel Perlin lowered the firm’s price target on DXC Technology to $24 from $29 and keeps a Sector Perform rating on the shares after its Q3 results and guidance cut. The company is beginning to show the benefits of its new offering-based operating model, but the challenging macro environment continues to weigh on demand for its offerings and was the primary driver behind disappointing Q3 guidance, the analyst tells investors in a research note.