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XRX

Xerox

$31.91

-0.44 (-1.36%)

14:35
01/17/18
01/17
14:35
01/17/18
14:35

Deason reports 6% stake in Xerox, demands disclosure of JV pact with Fujifilm

In a regulatory filing, Darwin Deason reported a 6% activist stake in Xerox (XRX), saying he acquired the shares pursuant to the merger agreement by and among Xerox, Boulder Acquisition, and Affiliated Computer Services, and the shares of Xerox Series B Preferred Stock pursuant to the exchange agremeent. Deason also noted in the filing that, on January 17, 2018, he sent a letter to the board of directors of Xerox publicly demanding the need for the company to immediately disclose its critical existing joint venture agreement with Fujifilm Holdings Corporation (FUJIY) in accordance with the U.S. securities laws. Further, the letter demanded that the board of directors hire new and independent advisors in order to evaluate the company's strategic options with Fuji. The letter concluded by calling for further discussions once the critical joint venture agreement has been disclosed.

XRX Xerox
$31.91

-0.44 (-1.36%)

10/03/17
UBSW
10/03/17
INITIATION
Target $36
UBSW
Neutral
Xerox initiated with a Neutral at UBS
UBS analyst Steven Milunovich started Xerox with a Neutral rating and $36 price target. The analyst believes Xerox "is in the sweet spot of the turnaround" now, but is more bearish on the company longer term. He believes Xerox will have difficulty building a presence in the printer market over the long term.
10/03/17
10/03/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Xerox (XRX) initiated with a Neutral at UBS. 2. United Rentals (URI) reinstated with a Hold at Deutsche Bank. 3. Home Depot (HD) initiated with a Buy at Gordon Haskett. 4. TD Ameritrade (AMTD) reinstated with a Neutral at Goldman Sachs. 5. West Pharmaceutical (WST) initiated with an Equal Weight at Stephens. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
12/05/17
UBSW
12/05/17
NO CHANGE
Target $35
UBSW
Neutral
Xerox Q4 results could lift stock, says UBS
UBS analyst Steven Milunovich noted when he initiated coverage on Xerox shares he expected positive catalysts in the near-term, including new management and cost savings. He also notes the stock reacted poorly to Q3 results, which he believes was an overreaction. The analyst said shares could react better following Q4 results as it could include better margins, positive seasonality, and cost savings. Milunovich maintained his Neutral rating and $34.50 price target on Xerox shares.
12/07/17
LOOP
12/07/17
NO CHANGE
Target $38
LOOP
Buy
Xerox offers positive near-term outlook and cost savings, says Loop Capital
Loop Capital analyst Ananda Baruah kept his Buy rating and $38 price target after meeting with management of Xerox yesterday. Baruah says the company continues to offer compelling near-term catalysts, namely a "reasonable December quarter guidance", 4-8 quarter setup with savings not accounted for by consensus, and incremental revenue growth initiatives. The analyst says the stock is valued attractively and should have traded up 5% rather than down 15% after the September quarter results, since it exceeded the Street operations metrics views excluding one-time items.

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EGN

Energen

$56.82

2.52 (4.64%)

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AYX

Alteryx

$33.38

-0.37 (-1.10%)

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ICL

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$4.43

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LJPC

La Jolla

$32.15

-0.46 (-1.41%)

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NEXA

Nexa Resources

$19.43

-0.52 (-2.61%)

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$80.39

-0.02 (-0.02%)

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BRK.A

Berkshire Hathaway

$304,020.01

2616.01 (0.87%)

, BRK.B

Berkshire Hathaway

$202.76

2.03 (1.01%)

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BRK.A

Berkshire Hathaway

$304,020.01

2616.01 (0.87%)

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$202.76

2.03 (1.01%)

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Berkshire Hathaway

$304,020.01

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BRK.A

Berkshire Hathaway

$304,020.01

2616.01 (0.87%)

, BRK.B

Berkshire Hathaway

$202.76

2.03 (1.01%)

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TWTR

Twitter

$32.66

0.55 (1.71%)

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Twitter's SoundCloud investment officially wiped out, Recode reports »

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AAPL

Apple

$175.50

3 (1.74%)

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VLKAY

Volkswagen

$40.98

0.09 (0.22%)

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DAL

Delta Air Lines

$53.46

0.91 (1.73%)

, UAL

United Continental

$67.57

0.87 (1.30%)

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$53.46

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UAL

United Continental

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Berkshire Hathaway

$304,020.01

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Berkshire Hathaway

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TWX

Time Warner

$94.70

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, T

AT&T

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JKHY

Jack Henry

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PFBC

Preferred Bank

$64.05

0.86 (1.36%)

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Preferred Bank management to meet with Stephens »

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R

Ryder

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Ryder management to meet with Stephens »

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ASPU

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TWTR

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NUE

Nucor

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AKS

AK Steel

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AET

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ANTM

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DBX

Dropbox

, SNAP

Snap

$17.45

-0.06 (-0.34%)

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DBX

Dropbox

SNAP

Snap

$17.45

-0.06 (-0.34%)

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IPG

Interpublic Group

$24.24

0.3 (1.25%)

, OMC

Omnicom

$77.31

0.52 (0.68%)

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Advertising companies cheaper than usual, Barron's says »

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IPG

Interpublic Group

$24.24

0.3 (1.25%)

OMC

Omnicom

$77.31

0.52 (0.68%)

PUBGY

Publicis

$18.82

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WPP

$95.30

0.93 (0.99%)

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MSFT

Microsoft

$94.06

2.33 (2.54%)

, INTC

Intel

$47.73

1.93 (4.21%)

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Quantum computing soon to be reality, Barron's says »

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MSFT

Microsoft

$94.06

2.33 (2.54%)

INTC

Intel

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1.93 (4.21%)

NVDA

Nvidia

$245.93

3.78 (1.56%)

MU

Micron

$46.53

2.28 (5.15%)

GOOG

Alphabet

$1,126.79

20.16 (1.82%)

GOOGL

Alphabet Class A

$1,128.09

18.19 (1.64%)

AMZN

Amazon.com

$1,500.00

14.66 (0.99%)

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AMZN

Amazon.com

$1,500.00

14.66 (0.99%)

09:26
02/24/18
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Periodicals
Many downsides when Amazon's HQ2 comes to town, Barron's says »

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