BMO Capital Upgrades Xerox (XRX) to Outperform
Get Alerts XRX Hot Sheet
Price: $14.18 -1.39%
Rating Summary:
5 Buy, 6 Hold, 6 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 9
Rating Summary:
5 Buy, 6 Hold, 6 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 9
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BMO Capital upgraded Xerox (NYSE: XRX) from Market Perform to Outperform with a price target of $10.00 (from $9.00).
Analyst Keith Bachman comments, "After several years of inconsistent results, we believe that XRX can improve execution across a variety of metrics that can move the shares higher. We believe that positive y/y CC revenue growth, positive y/y growth in services signings, improving mix of services as a percentage of total revenue, stable or modestly improving operating margins, and more balanced capital allocation with a gradually growing dividend, can all lead to multiple expansion over the course of CY13."
For an analyst ratings summary and ratings history on Xerox click here. For more ratings news on Xerox click here.
Shares of Xerox closed at $7.93 yesterday.
Analyst Keith Bachman comments, "After several years of inconsistent results, we believe that XRX can improve execution across a variety of metrics that can move the shares higher. We believe that positive y/y CC revenue growth, positive y/y growth in services signings, improving mix of services as a percentage of total revenue, stable or modestly improving operating margins, and more balanced capital allocation with a gradually growing dividend, can all lead to multiple expansion over the course of CY13."
For an analyst ratings summary and ratings history on Xerox click here. For more ratings news on Xerox click here.
Shares of Xerox closed at $7.93 yesterday.
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