May. 30 at 4:07 PM
Noble Capital Markets Research Report: Conduent (
$CNDT) – DOGE Concerns Offer Attractive Investment Opportunity
Investment thesis on track. We believe the company is on track to deliver on our full-year revenue and adj. EBITDA forecast, despite investor concerns around federal budget cuts, to which we believe the company has limited actual exposure. Moreover, although there may be some concerns over disruption from potential new asset sales, we anticipate that additional sales would likely focus on lower-margin business units and could help to bolster the company’s long-term cashflow margin profile.
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