Maxim upgraded Unisys (UIS) to Buy from Hold with a $9 price target The stock is trading at a sharp discount to its peer average of 9.6-times, while the company’s risk profile – an overhang on valuation – has improved as debt was recently refinanced, and the pension was aggressively funded, the analyst tells investors in a research note. Strengthening cash flow should also reduce leverage and shift more value to equity holders, Maxim added.
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