Morgan Stanley Maintains Underweight Rating for Xerox Holdings: Here's What You Need To Know

Morgan Stanley has decided to maintain its Underweight rating of Xerox Holdings XRX and raise its price target from $11.00 to $13.00.

Shares of Xerox Holdings are trading up 0.49% over the last 24 hours, at $15.53 per share.

A move to $13.00 would account for a 16.26% decline from the current share price.

About Xerox Holdings

Xerox Holdings Corp is an original equipment manufacturing and software company. Xerox operates in one segment--design, development, and sale of printing technology and related solutions--while deriving 60% of its revenue from the U.S. and 40% from international markets. The company is an OEM of multifunction printers, or MFPs (printers that can print, copy, and scan), focusing on large enterprise markets. Apart from equipment, the company provides post-sales services like managed print services--a service that helps to bring smart servicing and efficiencies to how employers use their print/copy equipment. Xerox is attempting to enter new markets like digital print packaging solutions and printed electronics.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.