Analysts at Ladenburg Thalmann initiated coverage on Pitney Bowes Inc. PBI with a Buy rating.
Pitney Bowes shares have dropped 20.51 percent over the past 52 weeks, while the S&P 500 index has surged 8.07 percent in the same period.
Pitney Bowes' shares fell 2.01 percent to close at $21.75 on Friday.
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