Goldman Sachs Reinstates Lexmark International (LXK) at Sell

May 14, 2013 7:14 AM EDT
Get Alerts LXK Hot Sheet
Price: $40.49 --0%

Rating Summary:
    0 Buy, 9 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 11 | Down: 22 | New: 54
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Goldman Sachs reinstated coverage on Lexmark International (NYSE: LXK) with a Sell rating and a price target of $23.00. Analyst Bill Shope sees 25.3% downside in the stock.

"With core laser printing revenues also under pressure, and investment requirements for its transformation into a software, services and solutions company, we believe the stock's 32.8% run ytd leaves the shares more than fully valued," said Shope.

For an analyst ratings summary and ratings history on Lexmark International click here. For more ratings news on Lexmark International click here.

Shares of Lexmark International closed at $30.79 yesterday.

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