Citigroup Initiates Coverage On Xerox Holdings with Sell Rating, Announces Price Target of $11
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Asiya Merchant has initiated coverage on Xerox Holdings (NASDAQ:XRX) with a Sell rating and set a price target of $11.
June 28, 2024 | 2:52 pm
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Citigroup analyst Asiya Merchant has initiated coverage on Xerox Holdings with a Sell rating and set a price target of $11.
The initiation of coverage with a Sell rating and a price target of $11 by a major financial institution like Citigroup is likely to negatively impact Xerox Holdings' stock price in the short term. Investors may react to the bearish outlook and the lower price target.
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