Lexmark: Bernstein Cuts Rating; Sees No Catalysts Ahead

Bernstein Research analys Toni Sacconaghi this morning cut his rating on printer maker Lexmark to Market Perform from Outperform, while slashing his target on the stock to $38, from $46. LXK closed Friday at $34.28. In a research note, Sacconaghi asserts that ?material stock outperformance appears unlikely in the face of flat to declining revenues ...

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