Market Overview

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

Related XRX
Markets Reverse Early Morning Losses; Still Lower On The Day
Morgan Stanley Believes HQ Visit Implies Favorable 2015 Setup For Xerox

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.

Posted-In: BMO Capital MarketsAnalyst Color Reiteration Analyst Ratings

 

Related Articles (XRX)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters