Kyndryl Holdings price target raised to $28 from $25 at Scotiabank

Scotiabank raised the firm’s price target on Kyndryl Holdings to $28 from $25 and keeps an Outperform rating on the shares, which the analyst says “continues to be our top-pick for the year.” The firm recently hosted Kyndryl management for an investor lunch and notes that the stock has started garnering attention from new investors looking to familiarize themselves with the story. Scotiabank expects to see further investor traction as the company continues to execute against its turnaround targets, the analyst said.