DXC Delivers Solid 2Q; Cost-Cutting Progressing Well; Shares Fairly Valued
DXC Technology delivered solid second-quarter results as the new company continues the cost-cutting and capital allocation improvements that were put in place after the merger of CSC and HPE’s Enterprise Services business. Management affirmed its full-year outlook of revenue between $24.0 and $24.5 billion and improved the adjusted EPS forecast to $7.25-$7.75 from $6.50-$7.00, primarily as a result of lease reclassifications. We reiterate our $86 fair value estimate and no-moat rating. The stock...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
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