JP Morgan Maintains Underweight on Xerox Holdings, Raises Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Samik Chatterjee has maintained an Underweight rating on Xerox Holdings (NASDAQ:XRX) but increased the price target from $16 to $18.
January 26, 2024 | 4:02 pm
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JP Morgan maintains an Underweight rating on Xerox Holdings but raises the price target from $16 to $18.
While the increase in price target from $16 to $18 could be seen as a positive signal, the Underweight rating suggests that JP Morgan's outlook on Xerox Holdings remains cautious. The mixed message may lead to a neutral short-term impact on the stock as the market digests both the positive and negative aspects of the analyst's view.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100