DXC Technology Company (NYSE:DXC) was upgraded by investment analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a report issued on Thursday. The brokerage currently has a $85.00 target price on the stock, up from their prior target price of $68.00. Morgan Stanley’s price objective would indicate a potential upside of 12.60% from the stock’s previous close.
A number of other research firms also recently weighed in on DXC. Royal Bank of Canada assumed coverage on DXC Technology Company in a research note on Tuesday, April 4th. They set an “outperform” rating and a $87.00 price target for the company. Goldman Sachs Group Inc assumed coverage on DXC Technology Company in a research note on Monday, March 27th. They set a “buy” rating and a $84.00 price target for the company. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $86.60.
Shares of DXC Technology Company (NYSE:DXC) traded up 0.11% during mid-day trading on Thursday, hitting $75.57. 1,199,587 shares of the stock traded hands. DXC Technology Company has a 12 month low of $64.06 and a 12 month high of $77.99. The stock’s market cap is $10.66 billion. The firm has a 50 day moving average of $70.65 and a 200 day moving average of $63.18.
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Large investors have recently bought and sold shares of the company. Barometer Capital Management Inc. bought a new position in shares of DXC Technology Company during the first quarter worth $4,685,000. Cribstone Capital Management LLC bought a new position in shares of DXC Technology Company during the first quarter worth $102,000. Finally, Fox Run Management L.L.C. bought a new position in shares of DXC Technology Company during the first quarter worth $240,000.
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