Xerox Corp. (XRX) Misses Q3 EPS by 26c, Misses on Revenue; Offers Guidance

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Xerox (XRX) PT Lowered to $7 at Citi

October 30, 2024 6:49 AM EDT

Citi analyst Asiya Merchant lowered the price target on Xerox (NASDAQ: XRX) to $7.00 (from $10.50) while maintaining a Sell rating.

The analyst comments "Xerox missed estimates and lowered FY24E guide as continued restructuring actions, product launch delays, salesforce issues negatively impacted 3Q... More