Seeking Alpha

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.
Comments (1)
  • John Learch
    , contributor
    Comments (47) | 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, 02:53 PM Reply Like
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