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Fly News Breaks for February 3, 2016
PBI
Feb 3, 2016 | 07:41 EDT
Brean Capital analyst Ananda Baruah said shares of Pitney Bowes, which are down roughly 30% since its earnings miss, are "absolutely oversold." The analyst said all of the incremental earnings dynamics the company guided to at its analyst day are manifesting as anticipated. Baruah said the two most important aspects of the business, the core metering business and eCommerce, are actually outperforming. Brean Capital reiterated its Buy rating and lowered its price target to $25 from $30 on Pitney Bowes shares.
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