Deutsche Bank Maintains Xerox Hold, $10 PT

Deutsche Bank maintained its Xerox XRX Hold rating and $10 price target in a research report published today. In the report, Deutsche Bank states, "GMs of 33% were in line and solid OPEX management / favorable tax rate resulted in EPS upside. However, cash flow was disappointing again. Going forward, we expect margin pressure to persist (Japan supply chain / mix to services / competitive pressure) and we adjust est's modestly" Shares of Xerox closed today at $10.08, down 2.14% from Thursday's market close.