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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100