Pitney Bowes price target raised to $14 from $13 at Citizens

Citizens raised the firm’s price target on Pitney Bowes (PBI) to $14 from $13 and keeps an Outperform rating on the shares. Pitney Bowes has a market leadership position in both of its business segments, with SendTech at 70% market share and Presort Services at a mid-30s market share for higher-margin First Class mail and mid-single digits for lower-margin Marketing Mail, the analyst tells investors in a research note, adding that the company will lap headwinds in both segments in 2026 with SendTech passing the “the low point of its product cycle” and with Presort volume headwinds being lapped in June as the company increasingly competes on price as the only national presort carrier.