Truist raised the firm’s price target on Pitney Bowes (PBI) to $15 from $11 and keeps a Hold rating on the shares. The company’s Q1 results are showing a clearer path to stabilizing SendTech revenue, the analyst tells investors in a research note. The upwards move in the stock YTD fairly reflects better prospects for revenue stabilization after an encouraging start to the year, the firm added.
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