Credit Suisse Maintains Underperform on Xerox Holdings, Raises Price Target to $11
Portfolio Pulse from richadhand@benzinga.com
Credit Suisse analyst Shannon Cross maintains an 'Underperform' rating on Xerox Holdings (NASDAQ:XRX) and raises the price target from $9 to $11.
July 26, 2023 | 1:14 pm
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Credit Suisse maintains an 'Underperform' rating on Xerox Holdings and raises the price target from $9 to $11.
The 'Underperform' rating maintained by Credit Suisse indicates that the firm expects Xerox's stock to do worse than the market average. However, the raised price target from $9 to $11 suggests that the firm sees some potential for the stock's price to increase, albeit not outperforming the market. This could lead to a negative short-term impact on the stock's price.
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IMPORTANCE 80
RELEVANCE 100