Argus looking for more favorable entry point in Xerox

Argus analyst John Eade keeps a Hold rating on Xerox but notes that the firm is looking for a more favorable entry point as it also looks to see another quarter or two of earnings improvement to get more constructive on the stock. The company has responded to a decline in imaging equipment revenue by srengthening its focus on software and on products and services that support remote work and the increase in hybrid home/office work environments while also investing in innovative businesses developed by its Palo Alto Research Center and in its new equipment financing segment, the analyst tells investors in a research note.