Lexmark (LXK) Stock Shows Stellar Near-Term Performance, Future Remains Cloudy

September 14, 2012 1:53 PM 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: 24 | Down: 17 | New: 14
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Shares of Lexmark (NYSE: LXK) gained over 5.5 percent intraday on Friday after analysts at Bernstein raised their price target on the stock to $26 to $21. The upgrade comes in response to Lexmark’s plans to exit the inkjet business, which could drive material upward revisions to EPS for 2012 and 2013.

Overall, analyst Toni Sacconaghi thinks the stock looks attractive with a near/medium term view, but on a long-term horizon Sacconaghi thinks 2013 could be the peak in earnings for the company “for several years – if not forever.”

Bernstein has a Market Perform rating on Lexmark.

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 $22.53 yesterday.

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