Citi downgrades Xerox to sell
Citi cut Xerox to sell, saying the company faces a difficult print-market backdrop and that Lexmark integration may not be enough to offset pressure in core cash generation.
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Citi cut Xerox to sell, saying the company faces a difficult print-market backdrop and that Lexmark integration may not be enough to offset pressure in core cash generation.
Citi downgraded Xerox to Sell from Neutral and cut its price target to $2.50 from $3.45, as XRX shares fell 3.8% in the morning session.