Ladenburg Thalmann Initiates Pitney Bowes With Buy

Analysts at Ladenburg Thalmann initiated coverage on

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.