Market Overview

BMC Maintains Buy on Pitney Bowes


BMC is out with its report today on Pitney Bowes (NYSE: PBI), maintaining Buy.

In its report, BMC writes, "After meeting with PBI, we feel net-positive about the PBI stock opportunity from these levels; key reasons include 1) 7%-8% dividend yield with defensible FCF, 2) 8x P/E and 6x EV/EBITDA are basically at all-time lows, 3) a better understanding why PBI truly believes recent top-line softness relative to GDP recovery is not as much 'secular mail' related (and some data provided below) as it has been related to credit constraints impacting new SMB business creation (which when it turns can be a nice tailwind).

BMC maintains a $25 PT on PBI.

Shares of PBI closed Friday at $19.06, up 0.26% from Thursday's close.

Posted-In: BMCAnalyst Color Analyst Ratings


Related Articles (PBI)

View Comments and Join the Discussion!

Latest Ratings

WUBABOCOM InternationalDowngrades
DLTROTR GlobalUpgrades
ARCCCompass PointDowngrades
GTYHCitiInitiates Coverage On7.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at

FBR Comments On Intel's Ultrabook Hype

UPDATE: Jefferies Lowers PT On Quiksilver To $4.50