Brean Murray, Carret & Co. Comments on Xerox

Brean Murray, Carret & Co. has published a report on Xerox (NYSE: XRX).

In the report, Brean Murray, Carrent & Co. wrote, "We expect essentially in-line revenue and EPS results for the Jun Q, although we could envision upside to Street of $0.24 (XRX guidance was $0.23 - $0.26.) A bit tougher to call this quarter as the impact from Japan will play a role – for the quarter by our estimation XRX accounted for perhaps a $0.01 - $0.02 negative impact (all to hardware, none to supplies), while we had believed heading into the Mar Q call that the impact could have been up to $0.04; so guidance was positive in our view."

Brean Murray, Carret & Co. rated Xerox a BUY with a target price of $14.00. Xerox closed Monday at $9.92.