Stocks: DXC Technology Company (DXC) Upgraded at Goldman Sachs Group Inc

Stocks: DXC Technology Company (DXC) Upgraded at Goldman Sachs Group Inc

Goldman Sachs Group Inc upgraded shares of DXC Technology Company (NYSE:DXC) from a buy rating to a conviction-buy rating in a research report released on Tuesday. Goldman Sachs Group Inc currently has $90.00 price target on the stock, up from their prior price target of $85.00.

Several other equities research analysts have also issued reports on the stock. Morgan Stanley raised shares of DXC Technology Company from an equal weight rating to an overweight rating and lifted their price objective for the company from $68.00 to $85.00 in a research note on Thursday, April 6th. Royal Bank of Canada initiated coverage on shares of DXC Technology Company in a research note on Tuesday, April 4th. They issued an outperform rating and a $87.00 price objective for the company. Citigroup Inc reaffirmed a buy rating on shares of DXC Technology Company in a research note on Monday, April 10th. JPMorgan Chase & Co. initiated coverage on shares of DXC Technology Company in a research note on Wednesday, April 19th. They issued an overweight rating and a $90.00 price objective for the company. Finally, Zacks Investment Research raised shares of DXC Technology Company from a hold rating to a strong-buy rating and set a $87.00 price objective for the company in a research note on Monday, April 10th. Four research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $87.80.

DXC Technology Company (NYSE:DXC) opened at 79.42 on Tuesday. The stock’s market capitalization is $11.20 billion. DXC Technology Company has a 52-week low of $33.34 and a 52-week high of $80.03. The firm has a 50-day moving average price of $74.13 and a 200 day moving average price of $65.73.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of DXC Technology Company during the first quarter worth approximately $39,671,000. Suffolk Capital Management LLC bought a new position in shares of DXC Technology Company during the first quarter worth approximately $14,643,000. AMF Pensionsforsakring AB bought a new position in shares of DXC Technology Company during the first quarter worth approximately $5,974,000. Strs Ohio bought a new position in shares of DXC Technology Company during the first quarter worth approximately $5,765,000. Finally, Barometer Capital Management Inc. bought a new position in shares of DXC Technology Company during the first quarter worth approximately $4,685,000.

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