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XRX

Xerox

$9.31

-0.21 (-2.21%)

06:45
11/23/16
11/23
06:45
11/23/16
06:45

Xerox to pay $2.4M to settle MA inquiry on student debt, Bloomberg reports

According to Massachusetts Attorney General Maura Healey, Xerox has agreed to pay $2.4M to settle claims that the company mistreated student debtors in violation of state law banning unfair and deceptive practices, Bloomberg reports. Xerox supposedly took months to process debtors' applications to make reduced payments under a federal program, charged excessive fees, harassed borrowers with numerous phone calls, and overcharged active-duty service members in violation of federal law, according to a copy of the settlement filed on Monday in Massachusetts state court. Xerox denied liability, the report added. Reference Link

  • 07

    Dec

XRX Xerox
$9.31

-0.21 (-2.21%)

10/25/16
SBSH
10/25/16
NO CHANGE
Target $52
SBSH
Buy
Electronics for Imaging selloff brings buying opportunity, says Citi
Citi analyst Jim Suva sees the post-earnings selloff in shares of Electronics for Imaging (EFII) as a "rare opportunity." The challenges with the company's Fiery product is directly tied to the separation occurring at Xerox (XRX) which is on track to occur the end of this year, Suva tells investors in a post-earnings research note. He calls Electronics for Imaging his top small cap stock pick. The analyst lowered his price target for the shares to $52 from $54 and keeps a Buy rating on the name.
11/07/16
MSCO
11/07/16
DOWNGRADE
MSCO
Underweight
Xerox downgraded to Underweight from Equal Weight at Morgan Stanley
11/07/16
11/07/16
DOWNGRADE
Target $9.5

Underweight
Xerox downgraded to Underweight on limited growth, leverage at Morgan Stanley
As previously reported, Morgan Stanley downgraded Xerox to Underweight from Equal Weight and lowered its price target to $9.50 from $11.50. Analyst Brian Essex said bot the BPO and DocTech businesses are facing secular pressures and said the Conduent spinco will add $2B of net incremental leverage and faces headwinds in both growth and pricing and will need to focus on margin expansion to drive shareholder value.
11/07/16
11/07/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. BioMarin (BMRN) downgraded to Neutral from Overweight at Piper Jaffray with analyst Joshua Schimmer saying he sees a "number of under-appreciated" risks ahead. 2. Akorn (AKRX) downgraded to Underperform from Buy at BofA/Merrill and to Hold from Buy at WallachBeth. 3. GoPro (GPRO) downgraded to Underperform from Neutral at BofA/Merrill. 4. L Brands (LB) downgraded to Underperform from Hold at Jefferies with analyst Randal Konik citing rising competition and pricing competition. 5. Xerox (XRX) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Brian Essex saying both the BPO and DocTech businesses are facing secular pressures and said the Conduent spinco will add $2B of net incremental leverage and faces headwinds in both growth and pricing and will need to focus on margin expansion to drive shareholder value. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, cllick here.

TODAY'S FREE FLY STORIES

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BA

Boeing

$155.03

0.89 (0.58%)

11:03
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Boeing reports two new 787 orders in weekly update »

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A

Agilent

$45.15

0.1639 (0.36%)

11:03
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Agilent, Transcriptic collaborate to automate discovery biology »

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APOL

Apollo Education

$9.52

0.01 (0.11%)

, DV

DeVry

$31.48

0.325 (1.04%)

11:01
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11:01
Hot Stocks
Apollo Education slides after DoE response to preacquisition review application »

Shares of for-profit…

APOL

Apollo Education

$9.52

0.01 (0.11%)

DV

DeVry

$31.48

0.325 (1.04%)

ESI

ITT Educational

EDMC

Education Management

$0.01

0.001 (11.11%)

CECO

Career Education

$10.22

-0.03 (-0.29%)

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  • 08

    Dec

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ASUR

Asure Software

$8.38

0.37 (4.62%)

11:01
12/08/16
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11:01
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11:01
Conference/Events
Asure Software management to meet with Lake Street »

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BA

Boeing

$154.95

0.81 (0.53%)

11:01
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11:01
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11:01
Hot Stocks
Boeing begins final assembly on first 787-10 Dreamliner »

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HNR

Harvest Natural

$5.46

-0.19 (-3.36%)

11:00
12/08/16
12/08
11:00
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11:00
Periodicals
Harvest Natural mentioned cautiously by TheStreetSweeper »

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DISH

DISH

$58.64

0.13 (0.22%)

11:00
12/08/16
12/08
11:00
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11:00
Technical Analysis
DISH spikes off session lows »

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ANET

Arista Networks

$96.87

-1 (-1.02%)

11:00
12/08/16
12/08
11:00
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11:00
Conference/Events
Arista Networks management to meet with Pacific Crest »

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  • 12

    Dec

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    Dec

NFLX

Netflix

$125.39

0.82 (0.66%)

11:00
12/08/16
12/08
11:00
12/08/16
11:00
Options
Netflix short-term calls are active »

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11:00
12/08/16
12/08
11:00
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11:00
General news
Treasury futures action: some block buying »

Treasury futures action:…

AMAT

Applied Materials

$32.51

0.9 (2.85%)

10:58
12/08/16
12/08
10:58
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10:58
Conference/Events
Applied Materials management to meet with Stifel »

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  • 12

    Dec

DISH

DISH

$58.64

0.13 (0.22%)

10:57
12/08/16
12/08
10:57
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10:57
Rumors
Rumor moving shares of DISH »

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10:55
12/08/16
12/08
10:55
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10:55
Conference/Events
Stifel electrical equipment analysts to hold a luncheon meeting »

Electrical, Networking…

IWM

iShares Trust Russell 2000 Index Fund

$136.53

0.625 (0.46%)

, RUT

Russell 2000 Index

10:53
12/08/16
12/08
10:53
12/08/16
10:53
Technical Analysis
Russell 2000 Index hits new life high »

The index was last at…

IWM

iShares Trust Russell 2000 Index Fund

$136.53

0.625 (0.46%)

RUT

Russell 2000 Index

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HYG

iShares iBoxx $ High Yield Corporate Bond

$86.22

-0.24 (-0.28%)

10:50
12/08/16
12/08
10:50
12/08/16
10:50
Options
Notable put activity in the High Yield Bond Fund »

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NOC

Northrop Grumman

$241.93

-5.21 (-2.11%)

10:45
12/08/16
12/08
10:45
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10:45
Technical Analysis
Northrop Grumman trades lower, levels to watch »

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AKS

AK Steel

$11.03

0.24 (2.22%)

10:45
12/08/16
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10:45
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Options
AK Steel call volume above normal and directionally bullish »

Bullish option flow…

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10:45
12/08/16
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General news
Breaking General news story  »

6-Month Bill Announcement…

10:45
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12/08
10:45
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General news
Breaking General news story  »

3-Month Bill Announcement…

EXA

Exa Corp.

$14.44

-0.36 (-2.43%)

10:44
12/08/16
12/08
10:44
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10:44
Conference/Events
Exa Corp. to host analyst and investor day »

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RMD

ResMed

$60.65

0.31 (0.51%)

10:40
12/08/16
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10:40
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10:40
Conference/Events
ResMed management to meet with William Blair »

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  • 09

    Dec

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    Dec

ESPR

Esperion

$11.50

-0.18 (-1.54%)

10:38
12/08/16
12/08
10:38
12/08/16
10:38
Conference/Events
Esperion management to meet with JMP Securities »

Meeting to be held in…

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  • 09

    Dec

LPLA

LPL Financial

$37.94

0.97 (2.62%)

10:37
12/08/16
12/08
10:37
12/08/16
10:37
Periodicals
Breaking Periodicals news story on LPL Financial »

LPL Financial said to…

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EROS

Eros International

$14.18

0.375 (2.72%)

10:36
12/08/16
12/08
10:36
12/08/16
10:36
Conference/Events
Eros International management to meet with Jefferies »

Meeting to be held in…

03/08/13
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  • 09

    Dec

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