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Fly News Breaks for January 3, 2017
XRX
Jan 3, 2017 | 08:13 EDT
As previously reported, Credit Suisse upgraded Xerox to Outperform from Neutral. Analyst Kulbinder Garcha changed his rating following the Conduent spin-off and a more focused printing business, potential upside to cost savings, and management's realistic vision and a well laid out long-term strategy to offset end market decline. The analyst lowered Xerox's price target to $8 from $10 and views valuation as attractive.
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