Credit Suisse maintained its "Neutral" rating on Computer Sciences Corp. (CSC), a provider of information technology and business process outsourcing services, considering the near-term pressures within Managed Services Sector and Business Solutions and Services. However, the brokerage raised its price target, citing positive longer-term growth trajectory and improving market conditions.
Analyst B. Keane noted that the company's long-term milestones revealed at its Analyst day suggest a path of recovery. However, the analyst is skeptical as the company continues to face near-term headwinds with canceled contracts, slower booking ramps and the large-scale Lorenzo roll-out.
Credit Suisse raised the target price on the stock to $55 from $50, reflecting 11 times its CY10 earnings of $4.93.
CSC closed Thursday's regular trade at $54.46, down from the previous close of $54.99, on 1.02 million shares.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.