Goldman Sachs Downgrades Lexmark International (LXK) to Sell; Sees 20% Downside
Tweet
Share
E-mailGet Alerts LXK Hot Sheet
Price: $40.49 --0%
Rating Summary:
0 Buy, 9 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
0 Buy, 9 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Goldman Sachs downgraded Lexmark International (NYSE: LXK) from Neutral to Sell with a price target of $25 (down from $36), which suggests 20% downside.
The firm said Dell (Nasdaq: DELL) and Lexmark continue to face secular challenges, and with business model transformations still under way, they view these stocks as particularly vulnerable in this environment.
For more ratings news on Lexmark International click here and for the rating history of Lexmark International click here.
Shares of Lexmark International closed at $31.69 yesterday.
The firm said Dell (Nasdaq: DELL) and Lexmark continue to face secular challenges, and with business model transformations still under way, they view these stocks as particularly vulnerable in this environment.
For more ratings news on Lexmark International click here and for the rating history of Lexmark International click here.
Shares of Lexmark International closed at $31.69 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Wells Fargo Downgrades Roku Inc. (ROKU) to Equal Weight
- Lake Street Downgrades SoundThinking (SSTI) to Hold
- RBC Capital Downgrades CareTrust REIT (CTRE) to Sector Perform
Create E-mail Alert Related Categories
Downgrades, Hot DowngradesRelated Entities
Goldman SachsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
