Pitney-Bowes (PBI) Reports In-Line Q4 EPS

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Go back to Pitney-Bowes (PBI) Reports In-Line Q4 EPS

Pitney Bowes (PBI) Numbers Cut at Piper Jaffray; Turnaround Showing Progress

February 3, 2015 7:28 AM EST

Piper Jaffray analyst George Tong lowered estimates and his price target on Neutral-rated Pitney Bowes (NYSE: PBI) to $26.00 (from $27.00) following Q4 results. Despite disappoint results the firm sees progress in the multi-year turnaround strategy with improving risk/reward.

Tong commented, "We find the... More