One analyst wrote that he believed, as we do, that DXC’s (DXC, Financial) new CEO will restructure the company and largely eliminate the quality gap between DXC and its public peers over the next three years. Yet, in the same report, the analyst set the company’s target P/E at a 30% discount to its peers—unchanged from its historical average, despite its improved competitive stance.
From Bill Nygren (Trades, Portfolio)'s fourth-quarter 2019 market commentary.
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