Zacks Research downgraded DXC Technology (NYSE:DXC) from hold to strong sell in a report issued Wednesday. The revision follows a period of stock underperformance and rating changes from other firms. DXC’s overall consensus rating is Reduce.
DXC reported quarterly earnings of $0.67 per share, beating the consensus estimate of $0.55. Revenue was $3.03 billion, ahead of expectations. However, revenue declined 4.1% year over year, which may have contributed to analysts’ revised outlook.