UPDATE: Stifel Nicolaus Raises PT to $47 on Computer Sciences Corporation Post Divestiture

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

Stifel Nicolaus reiterated its Buy rating on Computer Sciences Corporation (NYSE: CSC) and raised its price target from $39 to $47. Stifel Nicolaus said, "Yesterday CSC announced that it had reached an agreement to divest its Credit Services business to Equifax (EFX: Hold, $53.38) for $1bn in cash. … The sale is expected to close by calendar year-end; the after-tax proceeds from the sale are estimated to approximate $750-$800mn. CSC plans to use $300-$400mn for share repurchases and to contribute $300-$400mn toward its unfunded pension obligation ($1.3bn at 3/31/12, with $250mn contribution already earmarked for this year)."Computer Sciences Corporation closed at $39.27 on Monday.

Crypto Whales Are Loading Up — Are You?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!