<div id="readability-page-1">Kyndryl (KD) was in focus on Wednesday as Guggenheim started coverage on the tech company with a Buy rating and $30 price target. Shares rose fractionally in premarket trading. “Since its 2021 spin-off from IBM, Kyndryl Holdings, Inc. (KD) management has been actively reshaping its business through the 'Triple A' program—Alliances, Advanced Deliver...</div>

<p>Guggenheim initiated coverage on Kyndryl (KD) with a Buy rating and a $30 price target, highlighting the company's strategic 'Triple A' program aimed at improving profitability and cash flow. Despite recent revenue challenges, Kyndryl's focus on portfolio quality and medium-term goals, such as tripling cash flow and doubling pretax earnings by 2028, supports the positive outlook. Analyst Jonathan Lee emphasized the company's potential in the infrastructure outsourcing segment, contributing to the Buy rating.</p>

Kyndryl in focus as Guggenheim starts with Buy rating