Susquehanna analyst James Friedman raised the firm’s price target on Kyndryl Holdings (KD) to $46 from $40 and keeps a Positive rating on the shares. The firm said while gross margins on post-spin signings landed at 25%, the volume of signings is boosting the numerator of the GP/BB leading to believe the “AAA” strategy to improve profitability and expand margins is ahead of plan.
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