Xerox Holdings: Remain Sell Rated As Business Is Still Unlikely To Hit FY24 Guidance
XRXXerox Holdings(XRX) Seeking Alpha·2024-08-08 13:27

Influx Productions Summary Following my coverage on Xerox Holdings (NASDAQ:XRX) in Apr'24, which I recommended a sell rating due to my expectation that the business would not be able to achieve its FY24 guidance, this post is to provide an update on my thoughts on the business and stock. Since my last post, XRX's stock price has fallen much more than I had originally expected (previous PT was $11), but I am still sell-rated as I expect XRX to miss its FY24 guidance, which will lead to consensus revising the ...