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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

XPO

XPO Logistics

$62.63

1.785 (2.93%)

10:00
06/28/17
06/28
10:00
06/28/17
10:00
Periodicals
XPO tells Bloomberg 'several billion' dollar acquisition is possible »

XPO Logistics CEO Bradley…

03/08/13
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  • 07

    Jul

HYG

iShares iBoxx $ High Yield Corporate Bond

$88.17

0.13 (0.15%)

10:00
06/28/17
06/28
10:00
06/28/17
10:00
Options
Hefty put spread in High Yield Bond Fund »

Hefty put spread in High…

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WDC

Western Digital

$91.85

-0.81 (-0.87%)

09:55
06/28/17
06/28
09:55
06/28/17
09:55
Options
Western Digital put volume heavy and directionally bearish »

Bearish flow noted in…

03/08/13
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TRIP

TripAdvisor

$36.49

-0.18 (-0.49%)

, LNC

Lincoln National

$66.94

1.315 (2.00%)

09:55
06/28/17
06/28
09:55
06/28/17
09:55
Options
Early notable gainers among liquid option names on June 28th »

Notable gainers among…

TRIP

TripAdvisor

$36.49

-0.18 (-0.49%)

LNC

Lincoln National

$66.94

1.315 (2.00%)

GIS

General Mills

$56.79

1.27 (2.29%)

DO

Diamond Offshore

$10.77

0.2 (1.89%)

RIG

Transocean

$8.23

0.16 (1.98%)

03/08/13
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  • 28

    Jun

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    Jul

  • 03

    Aug

  • 14

    Nov

09:55
06/28/17
06/28
09:55
06/28/17
09:55
Conference/Events
House Financial Services Committee to hold a hearing »

The Monetary Policy &…

SBUX

Starbucks

$58.96

-0.68 (-1.14%)

09:53
06/28/17
06/28
09:53
06/28/17
09:53
Periodicals
Fecal bacteria found in ice at Costa, Starbucks, Caffe Nero, BBC reports »

A BBC investigation found…

03/08/13
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03/08/13
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  • 23

    Aug

PWE

Penn West

09:50
06/28/17
06/28
09:50
06/28/17
09:50
Hot Stocks
Breaking Hot Stocks news story on Penn West »

Penn West trading halted,…

03/08/13
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03/06/13
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09:50
06/28/17
06/28
09:50
06/28/17
09:50
General news
Treasury Action: yields rebounded again »

Treasury Action: yields…

APDN

Applied DNA Sciences

$1.76

0.36 (25.71%)

09:47
06/28/17
06/28
09:47
06/28/17
09:47
Syndicate
Applied DNA Sciences raises $1.8M in a private placement »

Applied DNA Sciences…

03/08/13
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09:45
06/28/17
06/28
09:45
06/28/17
09:45
General news
Pending Home Sales Index to be reported at 10:00 »

May Pending Home Sales…

SSNLF

Samsung

09:44
06/28/17
06/28
09:44
06/28/17
09:44
Hot Stocks
Samsung to open $380M home appliance plant in South Carolina »

Samsung announced that it…

03/08/13
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03/08/13
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03/06/13
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MOMO

Momo

$37.06

-2.32 (-5.89%)

, BAC

Bank of America

09:40
06/28/17
06/28
09:40
06/28/17
09:40
Options
Unusually active option classes on open June 28th »

Unusual total active…

MOMO

Momo

$37.06

-2.32 (-5.89%)

BAC

Bank of America

JPM

JPMorgan

GOOGL

Alphabet Class A

$948.09

-24 (-2.47%)

XBI

SPDR S&P BIOTECH

C

Citi

P

Pandora

03/08/13
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03/08/13
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03/06/13
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  • 28

    Jun

  • 28

    Jun

  • 14

    Jul

  • 14

    Jul

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    Jul

  • 25

    Jul

  • 12

    Oct

  • 13

    Apr

  • 14

    Jul

  • 12

    Oct

AAP

Advance Auto Parts

09:39
06/28/17
06/28
09:39
06/28/17
09:39
Downgrade
Advance Auto Parts rating change  »

Follow up: Advance Auto…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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PRQR

ProQR Therapeutics

$5.03

-0.025 (-0.50%)

09:38
06/28/17
06/28
09:38
06/28/17
09:38
Syndicate
Breaking Syndicate news story on ProQR Therapeutics »

ProQR Therapeutics…

03/08/13
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03/08/13
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03/06/13
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GIS

General Mills

09:36
06/28/17
06/28
09:36
06/28/17
09:36
Technical Analysis
Technical View: General Mills trades higher after results and outlook »

The stock was last up…

03/08/13
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  • 28

    Jun

  • 12

    Jul

SKYS

Sky Solar

$1.54

0.26 (20.31%)

09:35
06/28/17
06/28
09:35
06/28/17
09:35
Hot Stocks
Sky Solar engages lawyers to investigate conduct of former CEO »

Sky Solar Holdings…

03/08/13
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03/08/13
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  • 27

    Jul

ADMS

Adamas Pharmaceuticals

$16.88

-0.51 (-2.93%)

09:35
06/28/17
06/28
09:35
06/28/17
09:35
Hot Stocks
Adamas Pharmaceuticals appoints Alfred Merriweather as CFO »

Adamas Pharmaceuticals…

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  • 24

    Aug

UMC

UMC

09:35
06/28/17
06/28
09:35
06/28/17
09:35
Upgrade
UMC rating change  »

UMC upgraded to Buy from…

03/08/13
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09:35
06/28/17
06/28
09:35
06/28/17
09:35
General news
U.S. NAR pending home sales preview: »

U.S. NAR pending home…

QCOM

Qualcomm

$55.43

-1.13 (-2.00%)

, NXPI

NXP Semiconductors

$109.52

-0.21 (-0.19%)

09:33
06/28/17
06/28
09:33
06/28/17
09:33
Recommendations
Qualcomm, NXP Semiconductors analyst commentary  »

Qualcomm could raise…

QCOM

Qualcomm

$55.43

-1.13 (-2.00%)

NXPI

NXP Semiconductors

$109.52

-0.21 (-0.19%)

03/08/13
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CBI

CB&I

09:33
06/28/17
06/28
09:33
06/28/17
09:33
Upgrade
CB&I rating change  »

CB&I upgraded to…

03/08/13
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03/06/13
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AAP

Advance Auto Parts

09:33
06/28/17
06/28
09:33
06/28/17
09:33
Downgrade
Advance Auto Parts rating change  »

Advance Auto Parts…

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ACN

Accenture

09:32
06/28/17
06/28
09:32
06/28/17
09:32
Hot Stocks
Accenture acquires Intrepid, terms not disclosed »

Accenture has acquired…

03/08/13
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TM

Toyota

09:31
06/28/17
06/28
09:31
06/28/17
09:31
Downgrade
Toyota rating change  »

Toyota downgraded to…

03/08/13
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03/06/13
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03/06/13
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BEP

Brookfield Renewable

09:30
06/28/17
06/28
09:30
06/28/17
09:30
Downgrade
Brookfield Renewable rating change  »

Brookfield Renewable…

03/08/13
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