KD - DXC Technology: Latest Takeover Speculation Keeps It Interesting
2024-06-11 14:58:01 ET
Summary
- DXC Technology shares have climbed on reports it may be an acquisition target by industry peer Kyndryl Holdings Inc.
- Despite poor sales trends, the company remains profitable with positive free cash flow highlighting its intrinsic value.
- We see room for shares to rally from the current level.
Shares of DXC Technology Company ( DXC ) have rallied more than 15% on a report that private-equity group Apollo Global Management, Inc. ( APO ) and Kyndryl Holdings, Inc. ( KD ) are in discussions for a joint bid acquisition ....
DXC Technology: Latest Takeover Speculation Keeps It Interesting