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XRX

Xerox

$34.17

0.35 (1.03%)

, HPQ

HP Inc.

$19.83

-0.05 (-0.25%)

11:01
04/23/19
04/23
11:01
04/23/19
11:01

Xerox names Naresh Shanker SVP, Chief Technology Officer

Xerox (XRX) announced the appointment of Naresh Shanker as senior vice president, chief technology officer, effective May 6. He will report to John Visentin, vice chairman and CEO of Xerox, and will serve as a member of the company's Executive Committee. "Naresh is a proven innovator with an impressive record of leading large-scale, digital transformations that help business growth and profitability," said Visentin. "His experience and expertise will be essential as we execute on our innovation roadmap and reposition Xerox for long-term, sustainable growth." Shanker, who joined Xerox in January, will succeed Steve Hoover and will be responsible for research and product development and an increasingly digital information technology operation. Prior to joining Xerox, Shanker was chief information officer of HP Inc (HPQ).

XRX

Xerox

$34.17

0.35 (1.03%)

HPQ

HP Inc.

$19.83

-0.05 (-0.25%)

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XRX Xerox
$34.17

0.35 (1.03%)

01/30/19
SBSH
01/30/19
NO CHANGE
Target $34
SBSH
Buy
Xerox could be acquired as turnaround shows progress, says Citi
Xerox's results yesterday morning "show real steps of the company turning around its cost and cash flow structuring," Citi analyst Jim Suva tells investors in a research note. The analyst continues to view Xerox as his "top deep value and restructuring stock" and he believes the company could be acquired by private equity or potentially resume its discussions to be acquired by Fuji or even HP (HPQ). He maintains a Buy rating on the shares with a $34 price target.
02/06/19
LOOP
02/06/19
NO CHANGE
Target $37
LOOP
Buy
Xerox analyst day presentation 'very encouraging', says Loop Capital
Loop Capital analyst Ananda Baruah kept his Buy rating and $37 price target on Xerox after its analyst day presentation yesterday, saying its 3-year earnings growth rate outlook of at least 7% resonated with investors, while its FY19 EPS view of $3.70-$3.80 with no revenue growth is also "very encouraging". The analyst adds that the 3-year view is meant to be conservative since its model assumes "very little revenue contribution from new technology market opportunities", while its new growth areas look "admittedly intriguing".
04/11/19
FBCO
04/11/19
INITIATION
Target $42
FBCO
Outperform
Xerox initiated with an Outperform at Credit Suisse
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".
04/17/19
SBSH
04/17/19
NO CHANGE
Target $44
SBSH
Buy
Xerox could be strategic acquisition target after EFI deal, says Citi
Citi analyst Jim Suva points out that the buyout of Electronics for Imaging (EFII) by private equity contains a 45 day "go-shop" period. With the print industry maturing, the analyst believes both HP Inc. (HPQ) and XRX (XRX) will now "more aggressively look" at Electronics for Imaging as a strategic asset in terms of revenue growth, earnings accretion, and cash flow. Further, Xerox could be a strategic acquisition for private equity or HP given its annual cash flow of $1B-plus and cost structure that could be significantly reduced, Suva tells investors in a research note. The analyst keeps a Buy rating on Electronics for Imaging and boosted his price target for the shares to $44.
HPQ HP Inc.
$19.83

-0.05 (-0.25%)

02/28/19
02/28/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Booking Holdings (BKNG) downgraded to Neutral from Overweight at Atlantic Equities and Piper Jaffray, as well as to Perform from Outperform at Oppenheimer. 2. Box (BOX) downgraded to Sector Weight from Overweight at KeyBanc and to Neutral from Buy at Rosenblatt. 3. HP Inc. (HPQ) double downgraded to Underperform from Buy at BofA/Merrill with analyst Wamsi Mohan citing the company's Q1 report last night. 4. PSEG (PEG) downgraded to Hold from Buy at Deutsche Bank. 5. Dollar General (DG) and Big Lots (BIG) were downgraded to Hold from Buy at Deutsche Bank. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/11/19
FBCO
04/11/19
INITIATION
Target $21
FBCO
Neutral
HP Inc. initiated with a Neutral at Credit Suisse
Credit Suisse analyst Matt Cabral started coverage of HP Inc. with a Neutral rating and a $21 price target. The analyst sees supplies as a "key concern" following the disappointing inventory reset, despite "steady" gains on PC share and free cash flow.
04/11/19
04/11/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Lyft (LYFT) initiated with a Hold at HSBC. 2. Apple (AAPL), Dell Technologies (DELL), and HP Inc. (HPQ) initiated with a Neutral at Credit Suisse. 3. Yeti (YETI) initiated with an Outperform at Cowen. 4. CVS Health (CVS) initiated with a Market Perform at BMO Capital. 5. Canadian Solar (CSIQ) assumed with a Neutral at JPMorgan. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

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GM

General Motors

$35.13

0.01 (0.03%)

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Tesla

$190.80

-4.7 (-2.40%)

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GM

General Motors

$35.13

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TSLA

Tesla

$190.80

-4.7 (-2.40%)

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RNLSY

Renault

$0.00

(0.00%)

13:14
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FMC

FMC Corporation

$70.88

-0.47 (-0.66%)

, DWDP

DowDuPont

$31.10

0.16 (0.52%)

13:11
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FMC

FMC Corporation

$70.88

-0.47 (-0.66%)

DWDP

DowDuPont

$31.10

0.16 (0.52%)

03/08/13
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MGM

MGM Resorts

$25.55

0.19 (0.75%)

13:03
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PYPL

PayPal

$109.82

-0.09 (-0.08%)

, AXP

American Express

$119.52

1.07 (0.90%)

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Big tech failed to dethrone credit cards, Barron's says »

Rather than being cut out…

PYPL

PayPal

$109.82

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AXP

American Express

$119.52

1.07 (0.90%)

MA

MasterCard

$251.40

1.57 (0.63%)

V

Visa

$162.72

1.2 (0.74%)

03/08/13
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GOOG

Alphabet

$1,132.99

-7.56 (-0.66%)

, GOOGL

Alphabet Class A

$1,138.90

-5.98 (-0.52%)

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On The Fly
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GOOG

Alphabet

$1,132.99

-7.56 (-0.66%)

GOOGL

Alphabet Class A

$1,138.90

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MSFT

Microsoft

$126.23

0.04 (0.03%)

AMBA

Ambarella

$38.28

1.07 (2.88%)

ON

ON Semiconductor

$17.68

-0.235 (-1.31%)

NKE

Nike

$82.12

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ADDYY

Adidas

$0.00

(0.00%)

UAA

Under Armour

$23.54

0.075 (0.32%)

UA

Under Armour

$20.91

0.08 (0.38%)

FL

Foot Locker

$44.39

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VMC

Vulcan Materials

$126.28

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FLR

Fluor

$29.04

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ACM

Aecom

$31.56

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X

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$13.63

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AKS

AK Steel

$2.00

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NUE

Nucor

$51.12

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DDAIF

Daimler AG

$0.00

(0.00%)

FCAU

Fiat Chrysler

$12.85

0.11 (0.86%)

F

Ford

$9.83

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GM

General Motors

$35.13

0.01 (0.03%)

HMC

Honda

$25.45

0.175 (0.69%)

NSANY

Nissan

$0.00

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TM

Toyota

$118.54

1.16 (0.99%)

VWAGY

Volkswagen

$0.00

(0.00%)

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UBER

Uber

$41.40

0.94 (2.32%)

17:49
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Hot Stocks
Uber board director Ryan Graves intends to resign »

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  • 30

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APTO

Aptose Biosciences

$2.01

0.03 (1.52%)

17:46
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Syndicate
Aptose Biosciences files for $40M at-the-market common stock offering »

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  • 04

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TRNX

Taronis Technologies

$0.48

0.004 (0.84%)

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Breaking Syndicate news story on Taronis Technologies »

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USEG

U.S. Energy

$0.45

0.0373 (9.10%)

17:25
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AAPL

Apple

$179.03

-0.64 (-0.36%)

17:22
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  • 03

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SPCB

SuperCom

$1.17

-0.005 (-0.43%)

17:21
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USEG

U.S. Energy

$0.45

0.0373 (9.10%)

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U.S. Energy receives noncompliance notice from Nasdaq »

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MYOV

Myovant Sciences

$12.39

-0.465 (-3.62%)

17:18
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Breaking Syndicate news story on Myovant Sciences »

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MYOV

Myovant Sciences

$12.39

-0.465 (-3.62%)

17:17
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Breaking Syndicate news story on Myovant Sciences »

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NVS

Novartis

$87.49

3.03 (3.59%)

, QGEN

Qiagen

$38.22

-0.255 (-0.66%)

16:57
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Qiagen launches diagnostic for PIK3CA biomarkers in breast cancer »

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NVS

Novartis

$87.49

3.03 (3.59%)

QGEN

Qiagen

$38.22

-0.255 (-0.66%)

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AVH

Avianca

$3.96

0.91 (29.84%)

16:56
05/24/19
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ANAC suspends flights, operations of Avianca Brasil, Reuters reports »

Brazil's ANAC said…

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AAPL

Apple

$179.03

-0.64 (-0.36%)

16:53
05/24/19
05/24
16:53
05/24/19
16:53
Periodicals
Apple acquires startup Tueo Health, CNBC reports »

Apple has bought Tueo…

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  • 03

    Jun

SHSP

SharpSpring

$16.37

-0.24 (-1.44%)

16:52
05/24/19
05/24
16:52
05/24/19
16:52
Syndicate
Breaking Syndicate news story on SharpSpring »

SharpSpring files to sell…

03/08/13
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  • 13

    Jun

CREG

China Recycling Energy

$0.48

0.005 (1.05%)

16:41
05/24/19
05/24
16:41
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16:41
Syndicate
Breaking Syndicate news story on China Recycling Energy »

China Recycling Energy…

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FENC

Fennec

$3.88

(0.00%)

16:36
05/24/19
05/24
16:36
05/24/19
16:36
Conference/Events
Fennec management to meet with Wedbush »

Meeting to be held in…

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  • 29

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TD

Toronto-Dominion

$56.66

0.65 (1.16%)

16:35
05/24/19
05/24
16:35
05/24/19
16:35
Syndicate
Breaking Syndicate news story on Toronto-Dominion »

Toronto-Dominion files…

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16:30
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16:30
Options
Preliminary option volume of 15.7M today »

Preliminary option volume…

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