Brean Capital taps Pitney Bowes for gains

Brean Capital raises its rating on Pitney Bowes (NYSE:PBI) to a Buy rating on optimism that new revenue channels will start to contribute significantly.

The investment firm has a $33 price target on the stock, repping 22% upside potential.

From other sites
Comments (1)
  • John Learch
    , contributor
    Comments (84) | Send Message
    PBI's stock trades at a p/e of 45 with a product line that many thought was growing obsolete by the day. Just a few months ago the share price was about 14 and change. Obviously new management has discovered new revenue sources that look favorable for growth - that remains to be seen. The current stock price is too rich for me.
    28 Jul 2014, 02:53 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs