Pitney-Bowes (PBI) Misses Q1 EPS by 7c; Guides In-Line
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Brean Capital Cuts Price Target on Pitney-Bowes (PBI) Following 1Q Miss
May 4, 2016 9:57 AM EDTBrean Capital maintained a Buy rating on Pitney Bowes (NYSE: PBI), and cut the price target to $24.00 (from $25.00), following the company's 1Q earnings report. PBI reported revenue and EPS of $845M and $0.34, missing the Street's estimates of $870M and $0.40. The Company expects an incremental marketing expense in the Jun Q of ~$0.03. Additionally, Jun Q... More
