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Fly News Breaks for April 11, 2019
XRX
Apr 11, 2019 | 07:01 EDT
Credit Suisse analyst Matt Cabral initiated Xerox (XRX) with an Outperform rating and a price target of $42. The analyst believes that the company's "significant margin potential" is not being captured in the Street consensus, modeling about 5pts of "cost opportunity" over the long term. Cabral also believes that Xerox is on a "long path to revenue growth" amid secular challenges but sees its investments in A4 printers and other capabilities for small-medium size businesses as "key near term investments".
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