Goldman Sachs Added Lexmark (LXK) to its Conviction Sell List

Goldman Sachs added Lexmark International Group (NYSE: LXK) to its Conviction Sell List with a $20 downside price target, suggesting 25% downside, saying the stock is "overvalued."

The firm notes hopes of a much-delayed turnaround has moved LXK's multiple above HP, IBM, and Dell, which they firm views as unsustainable given its weak competitive position and deteriorating installed base.

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