BMO Capital Markets maintains its Perform rating on Xerox XRX and lowers its price target to $9 (down $0.50) on disappointing quarterly results.
BMO Capital Markets says, "XRX reported disappointing December Q results, as both revenues and EPS
missed our and consensus estimates. XRX reported revenues of $5.96 billion versus our/consensus estimate of $6.07 billon/$6.03 billion. Further, EPS was $0.33, in line with our/consensus estimate, with significant help from one-time items and lower tax rate."
XRX closed at $7.81 a share on Wednesday.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in