Update: Jefferies Lowering Price Target On Unisys (UIS)

Jefferies & Co. is out with a research report on Unisys (NYSE: UIS) and is lowering its price target to $25 from $31, and it has a Hold rating on shares.

In a note to clients, Jefferies & Co. writes, "UIS posted margin gains and showed continued progress in growing its ex-govt outsourcing segment. With core services showing better stabilization outside of government work, we may be getting closer to flat top-line performance as compared to any time in the last few years."

Shares of UIS lost 85 cents yesterday to close at $25.39.