Evercore ISI analyst David Togut added Kyndryl Holdings the the firm’s “Tactical Outperform” list prior to Q2 earnings due on November 7 after market close. For Q2, the firm expects Kyndryl to beat consensus revenue, gross margin and EBITDA expectations and thinks a FY24 guidance raise seems likely given that Kyndryl’s 3As – Alliances, Advanced Delivery and Accounts – continue to exceed plan. The firm has an In Line rating and $18 price target on Kyndryl shares.
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