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XRX

Xerox

$27.45

0.2 (0.73%)

15:00
06/19/18
06/19
15:00
06/19/18
15:00

Xerox calls outpace puts 16:1 as shares touch 52-week lows

Xerox calls outpace puts 16:1 as shares touch 52-week lows. Actually, the stock has erased early losses and is up 18c to $27.42. Oct 30 and 38 calls are most active, both having traded 3.7K, as the vertical has been bought in small lots for 80c each (bought 30s, sold 38s). The interest opens a spread that reaps a max payout if shares rally 40% to $38 or better through the October expiration. Late Jan 52-week high is $34.13. Separately, buyers active in Jul 31 and Aug 30 calls today, with 2.5K and 1.1K traded, respectively. Total volume is 3X daily average at 12K calls and 700 puts.

XRX Xerox
$27.45

0.2 (0.73%)

05/16/18
LOOP
05/16/18
NO CHANGE
Target $40
LOOP
Buy
Xerox price target lowered to $40 from $45 at Loop Capital
Loop Capital analyst Ananda Baruah lowered his price target on Xerox (XRX) to $40, citing the potential operating disruptions from the company's leadership "saga" and the firm position by Fujifilm (FUJIY) not to raise its bid price. The analyst says his new price is based on the stand-alone value of the company with no added potential deal related benefits. Baruah also keeps his Buy rating on Xerox, adding that there is a greater "appreciation" by the recently appointed CEO John Visentin to pass on more cost savings toward profitability.
05/14/18
05/14/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Dean Foods (DF) downgraded to Sell from Hold at Deutsche Bank analyst Rob Dickerson saying he still sees four fundamental challenges facing the company: continued declines in U.S. dairy milk consumption, its low-margin structured business, increasing vertical category integration by retailers, and what he views as low odds of transformative acquisitions. 2. Owens Corning (OC) downgraded to Market Perform from Outperform at Wells Fargo with analyst Stephen East saying his outlook for Roofing and Composites has weakened and extremely weak year to date 2018 hail/storm activity is likely an incremental headwind to 2H18 Shingle Volumes while inflationary cost pressures are more intense than originally expected. 3. Xerox (XRX) downgraded to Neutral from Overweight at JPMorgan and to Hold from Buy at Cross Research. 4. Jeld-Wen (JELD) downgraded to Neutral from Buy at BofA/Merrill with analyst John Lovallo saying he believes the company will face challenges from the CEO search, Steves & Sons litigation, wood windows, and believes a margin recovery could take longer than expected. 5. Hostess Brands (TWNK) downgraded to Hold from Buy at Deutsche Bank with analyst Rob Dickerson saying he is less certain on the base business' potential margin and profitability progression over the next twelve months following the company's recent earnings report. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/14/18
JPMS
05/14/18
DOWNGRADE
Target $38
JPMS
Neutral
Xerox downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Paul Coster downgraded Xerox to Neutral from Overweight as he believes it is unlikely that the new board will find an alternative acquirer for Xerox in the next few months after the company terminated its planned merger with Fuji-Xerox. Meanwhile, he sees Xerox being at risk of losing key enterprise accounts and sees more risk, particularly for the JV with Fuji-Xerox. Coster keeps a $38 price target on Xerox shares.
05/14/18
CRSS
05/14/18
DOWNGRADE
CRSS
Hold
Xerox downgraded to Hold from Buy at Cross Research

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0.02 (0.03%)

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$56.80

0.14 (0.25%)

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3.46 (1.53%)

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AROC

Archrock

$10.06

0.365 (3.76%)

20:33
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CTL

CenturyLink

$14.10

0.37 (2.69%)

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TTD

Trade Desk

$161.76

3.69 (2.33%)

20:31
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CVS

CVS Health

$69.92

0.39 (0.56%)

, SO

Southern Company

$48.91

0.35 (0.72%)

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0.39 (0.56%)

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$48.91

0.35 (0.72%)

ADI

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$104.21

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0.73 (1.34%)

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Wix.com

$125.70

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Wolverine World Wide

$39.50

-0.04 (-0.10%)

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Conduent

$14.52

0.93 (6.84%)

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Owens & Minor

$7.94

0.25 (3.25%)

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AROC

Archrock

$10.06

0.365 (3.76%)

20:21
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AI

Arlington Asset Investment

$8.70

-0.14 (-1.58%)

20:09
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Syndicate
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GLD

SPDR Gold Shares

$126.70

1.89 (1.51%)

19:46
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TSLA

Tesla

$305.56

-2.2 (-0.71%)

19:17
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IDCC

InterDigital

$73.13

-0.26 (-0.35%)

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TWTR

Twitter

$31.64

0.41 (1.31%)

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OSPN

OneSpan

$16.78

0.645 (4.00%)

, HSTM

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$26.95

0.09 (0.34%)

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America's Car-Mart

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DVN

Devon Energy

$28.31

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LMAT

LeMaitre

$25.09

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FIVN

Five9

$54.31

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Invitae

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La-Z-Boy

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DK

Delek US

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Encore Wire

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HLF

Herbalife Nutrition

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TVTY

Tivity Health

$21.67

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IIN

IntriCon

$29.43

2 (7.29%)

LC

LendingClub

$3.62

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CXO

Concho Resources

$120.95

-2.03 (-1.65%)

FANG

Diamondback Energy

$104.75

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TXRH

Texas Roadhouse

$65.58

0.03 (0.05%)

SSTI

ShotSpotter

$48.18

2.2 (4.78%)

OMI

Owens & Minor

$7.94

0.25 (3.25%)

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HBM

Hudbay Minerals

$6.35

0.365 (6.10%)

18:58
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HBM

Hudbay Minerals

$6.35

0.365 (6.10%)

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CLXT

Calyxt

$13.56

0.15 (1.12%)

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HBM

Hudbay Minerals

$6.35

0.365 (6.10%)

18:54
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Earnings
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  • 28

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NOC

Northrop Grumman

$287.36

0.44 (0.15%)

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$277.89

0.49 (0.18%)

18:31
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Periodicals
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SPX

S&P 500

$0.00

(0.00%)

SPY

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$277.89

0.49 (0.18%)

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APHA

Aphria

$9.69

0.11 (1.15%)

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TEVA

Teva

$18.01

0.02 (0.11%)

, AGN

Allergan

$137.94

-1.13 (-0.81%)

18:26
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Hot Stocks
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TEVA

Teva

$18.01

0.02 (0.11%)

AGN

Allergan

$137.94

-1.13 (-0.81%)

ABBV

AbbVie

$80.50

-0.35 (-0.43%)

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18:25
02/19/19
02/19
18:25
02/19/19
18:25
Conference/Events
CLSA technology analyst to hold an analyst/industry conference call »

Technology Sales…

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