Susquehanna upgraded Kyndryl Holdings to Positive from Neutral with a price target of $27, up from $19. The macro environment for IT services looks difficult again this year, but Kyndryl “is different,” the analyst tells investors in a research note. The firm sees opportunity for the company to expand margins within its current book of business. As the same time, it is seeing “green-shoots” in Applications, Data & AI and Kyndryl Consult.
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