BMC Provides Color on Xerox

BMC provided color on Xerox (NYSE: XRX). In a research report published today, the rating agency stressed its optimism about the company's performance in spite of a recent cash flow setback.

In the report, BMC states, “While we understand the disappointment of XRX's reduced cash flow guidance, we believe a “big picture” view remains the most constructive.“

At the moment, BMC has a Buy rating and a price target of $13 placed on the company's stock. On Friday, XRX lost 2.14% of its value to finish the day at $10.08.