JP Morgan Maintains Underweight on Xerox Holdings, Lowers Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Samik Chatterjee has maintained an Underweight rating on Xerox Holdings and lowered the price target from $13 to $11.
October 21, 2024 | 12:24 pm
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NEGATIVE IMPACT
JP Morgan has maintained an Underweight rating on Xerox Holdings and reduced the price target from $13 to $11, indicating a bearish outlook.
The Underweight rating suggests that JP Morgan expects Xerox to underperform relative to other stocks. The lowered price target from $13 to $11 indicates a negative outlook on the company's future performance, likely leading to a short-term decrease in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100