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Fly News Breaks for December 1, 2015
XRX
Dec 1, 2015 | 07:05 EDT
After analyzing the potential upside from likely strategic alternatives Xerox may pursue to unlock value, Piper Jaffray analyst George Tong sees potential upside of over 40% for shares. The most value arises from restructuring the services portfolio and engaging a leverage-financed accelerated buyback, Tong tells investors in a research note. He reiterates an Overweight rating on Xerox with a $15 price target.
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