UPDATE: JPMorgan Upgrades Xerox (XRX) to Neutral

November 12, 2019 4:30 AM EST
Get Alerts XRX Hot Sheet
Price: $24.28 -0.41%

Rating Summary:
    6 Buy, 7 Hold, 5 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 11 | New: 19
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(Updated - November 12, 2019 4:45 AM EST)

JPMorgan analyst Paul Coster upgraded Xerox (NYSE: XRX) from Underweight to Neutral with a price target of $38.00 (from $31.00).

  • Says upgrade follows model update to reflect Fuji-Xerox divestiture and a revision of the PT to 2020 numbers.
  • "Now that we have caught up with the action, we think the stock is trading close to fair value, however we do see catalysts to the upside and downside in the very near term."

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 $38.36 yesterday.

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