- BofA analyst Jason Kupferberg upgraded DXC Technology Co DXC to Buy from Neutral with a $45 price target, implying a 25.1% upside.
- CGI Inc GIB now trades at a 30% premium to its historical average multiple relative multiple to DXC above the 10-year average. Kupferberg, therefore, switched his preference to DXC, which he believes is "getting close to reaching break-even organic revenue growth."
- Kupferberg double downgraded CGI to Underperform from Buy with a price target of $95, up from $93, indicating a 4.3% upside.
- Price Action: DXC shares traded higher by 1.72% at $36.6 in the premarket session on the last check Tuesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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