DXC Technology slips after lowering FY profit forecast, brokerages cut PT

Shares of IT services firm DXC Technology DXC.N slide 5.1% to $15.71 after co lowers FY 2026 profit forecast

Co forecasts FY 2026 adj. EPS between $2.75 and $3.25 vs previous outlook of $3.35 per share

Co expects annual revenue in range of $3.04 bln to $3.09 bln, lower than analysts' estimate of $3.11 bln - data compiled by LSEG

At least three brokerages cut PT, including Morgan Stanley

BMO says co's restructuring and improved growth remain "a work in progress"

Stifel says co faces risks including general macroeconomics, acquisition integration, client migration and foreign exchange exposure

Eight out of 10 analysts rate stock as "hold", two rate it "sell" or lower; median PT is $22

Including session's losses, DXC down 21.4% YTD vs Dow Jones US Technology Sector index .DJUSTC decline of 1.3%