Market Overview

UPDATE: BMO Capital Markets Reiterates Xerox at Market Perform on Positive 2013 Revenue Guidance

Share:
Related XRX
Xerox Shares Downgraded From Buy To Hold At Brean
After-Hours Recap: Index Movers, Earnings And Charter-Time Warner Cable Deal
The Vetr community has upgraded $XRX to 5-Stars. (Vetr)

In a report published Tuesday, BMO Capital Markets reiterated Xerox Corp. (NYSE: XRX) at Market Perform and maintained its price target of $8.00.

BMO Capital Markets noted, "While we think that CY13 expectations are more realistic, we think that XRX will have to execute over the next few quarters to attract new investors, particularly for services margins. We don't think that the multiple will expand unless the company's financial performance becomes more predictable. [We] also maintain our target price of $8.00."

Xerox closed at $6.45 on Tuesday.

Latest Ratings for XRX

DateFirmActionFromTo
Apr 2016Credit SuisseMaintainsNeutral
Apr 2016Morgan StanleyMaintainsEqual-weight
Apr 2016Brean CapitalDowngradesBuyHold

View More Analyst Ratings for XRX
View the Latest Analyst Ratings

Posted-In: BMO Capital MarketsAnalyst Color Reiteration Analyst Ratings

 

Related Articles (XRX)

View Comments and Join the Discussion!