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Fly News Breaks for January 3, 2017
CNDT, XRX
Jan 3, 2017 | 06:31 EDT
JPMorgan analyst Paul Coster upgraded Xerox (XRX) to Overweight from Neutral after assuming coverage of the name. The Conduent (CNDT) spinoff marks the start of a long turnaround process, Coster tells investors in a research note. At a 45% discount to its peer group, the analyst believes Xerox shares offer a buying opportunity. He upped his price target for the name to $10.50 from $10.
News For XRX;CNDT From the Last 2 Days
