BMO Capital raised the firm’s price target on DXC Technology to $22 from $17.50 and keeps a Market Perform rating on the shares. The company’s Q1 results were above expectations, and the firm’s estimates are broadly moving higher following the quarter, the analyst tells investors in a research note. Broader demand environment has not improved, but DXC is focused on tightening execution with existing clients and improving its cost structure, the firm states, adding that the company remains in the very early innings on the path to improve margins through cost takeout and to improve top-line potential.
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