3 investment firms lowered their price targets for Xerox stock and assigned reduced ratings.

Analysts Loop Capital, Citi, and JPMorgan Chase lowered their price targets for Xerox (NYSE: XRX), with Loop Capital reducing its target from $14.00 to $11.00 and maintaining a hold rating. Citi assigned a sell rating with a $11.00 target price, and JPMorgan cut its target from $18.00 to $17.00 and issued an "underweight" rating. Xerox's stock, currently 85.36% owned by institutional investors, reported a $0.29 EPS for Q2, missing the consensus estimate by $0.14.

August 18, 2024
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