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XRX

Xerox

$25.18

0.02 (0.08%)

12:20
07/13/18
07/13
12:20
07/13/18
12:20

Xerox exploring sale of leasing finance unit to cut down debt, Reuters reports

Xerox Corp is exploring the potential sale of a leasing unit to relieve the company of roughly $3.6B in debt in hopes of making itself more attractive to potential acquirers, people familiar with the matter told Reuters. Xerox shares briefly spiked following the report but have given up much of the gains to be up 0.5% at $25.30 near noon. Reference Link

XRX Xerox
$25.18

0.02 (0.08%)

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
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.
05/16/18
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.
07/10/18
STPT
07/10/18
UPGRADE
STPT
Buy
Xerox upgraded to Buy from Hold at Standpoint Research

TODAY'S FREE FLY STORIES

MOH

Molina Healthcare

$106.16

0.64 (0.61%)

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General news
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CNC

Centene

$135.45

0.175 (0.13%)

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OMER

Omeros

$19.63

-0.42 (-2.09%)

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LOVE

Lovesac

$20.84

0.07 (0.34%)

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BJ

BJ's Wholesale

$25.90

0.23 (0.90%)

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FOX

21st Century Fox

$45.69

-0.5 (-1.08%)

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Conference/Events
21st Century Fox to host special shareholder meeting »

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  • 27

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SESN

Sesen Bio

$1.86

-0.05 (-2.62%)

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ITCI

Intra-Cellular

$20.81

0.19 (0.92%)

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RYB

RYB Education

$21.21

-0.33 (-1.53%)

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HCLP

Hi-Crush Partners

$10.85

-0.575 (-5.03%)

07:13
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Hi-Crush Partners raises quarterly distribution to 75c per unit »

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  • 01

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ACRE

Ares Commercial

$13.99

-0.05 (-0.36%)

07:13
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Initiation
Ares Commercial initiated  »

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  • 26

    Jul

BPL

Buckeye Partners

$33.10

0.01 (0.03%)

07:13
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Downgrade
Buckeye Partners rating change  »

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  • 03

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BV

BrightView

$21.95

0.14 (0.64%)

07:11
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HCLP

Hi-Crush Partners

$10.85

-0.575 (-5.03%)

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Hi-Crush Partners acquires FB Industries »

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  • 01

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ALNY

Alnylam

$105.86

-0.36 (-0.34%)

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Alnylam announces presentations from APOLLO Phase 3 study of patisiran at PNS »

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  • 11

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MPWR

Monolithic Power

$140.71

-1.05 (-0.74%)

07:10
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Conference/Events
Monolithic Power management to meet with Oppenheimer »

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HTHT

China Lodging

$41.02

0.76 (1.89%)

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Conference/Events
China Lodging management to meet with Benchmark »

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IRWD

Ironwood

$20.03

-0.035 (-0.17%)

07:09
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FLIR

Flir Systems

$53.96

-0.55 (-1.01%)

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Conference/Events
Flir Systems management to meet with William Blair »

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  • 25

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ARCT

Arcturus Therapeutics

$8.40

-0.09 (-1.06%)

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RETA

Reata Pharmaceuticals

$46.43

(0.00%)

07:08
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Conference/Events
Reata Pharmaceuticals to host conference call »

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  • 23

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LAD

Lithia Motors

$95.34

-0.85 (-0.88%)

07:07
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  • 25

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KALA

Kala Pharmaceuticals

$12.28

-0.19 (-1.52%)

07:07
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  • 24

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JMEI

Jumei

$2.07

-0.05 (-2.36%)

07:06
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