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XELA

Exela Technologies

$3.82

-0.03 (-0.78%)

16:57
03/18/19
03/18
16:57
03/18/19
16:57

Exela Technologies sees FY19 revenue $1.66B-$1.7B, consensus $1.68B

Sees FY19 adjusted EBITDA $305M-$335M.

  • 18

    Mar

XELA Exela Technologies
$3.82

-0.03 (-0.78%)

07/30/18
07/30/18
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. ADMA Biologics (ADMA) initiated with a Buy at Chardan. 2. Alta Mesa Resources (AMR) initiated with a Buy at Guggenheim. 3. Azure Power (AZRE) initiated with an Outperform at JMP Securities. 4. Exela Technologies (XELA) initiated with a Buy at Nomura Instinet. 5. Wix.com (WIX) initiated with a Neutral at Rosenblatt. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
10/22/18
MSCO
10/22/18
INITIATION
Target $9
MSCO
Overweight
Exela Technologies initiated with an Overweight at Morgan Stanley
Morgan Stanley analyst Brian Essex initiated Exela Technologies with an Overweight rating and $9 price target, stating that the company has established itself as a strong competitor in Business Process Outsourcing that he estimates has been growing at almost twice the rate of the market overall. He sees a pathway for margins in the 20%s with incremental execution and scale, Essex added.
01/16/19
MSCO
01/16/19
DOWNGRADE
MSCO
Equal Weight
Exela Technologies downgraded to Equal Weight from Overweight at Morgan Stanley
01/16/19
01/16/19
DOWNGRADE
Target $4.5

Equal Weight
Morgan Stanley downgrades Exela to Equal Weight on limited liquidity, visibility
As previously reported, Morgan Stanley analyst Brian Essex downgraded Exela Technologies (XELA) to Equal Weight from Overweight, stating that a recent cut to guidance for full-year EBITDA gave some investors pause, with no visibility into when the issue may be addressed, and he believes liquidity limits the universe of potential buyers for the stock. He cut his price target on Exela shares to $4.50 from $9.00. In terms of his outlook for the broader IT Services space, Essex said Digital Transformation, Cloud, and Automation are expected to drive healthy demand into 2019. Accenture (ACN) and DXC Technology (DXC) remain his top picks in the space, as he anticipates investor demand for quality, defensive stocks.

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