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Lexmark (LXK -7.5%) closes the day off sharply following a downgrade to Sell from Barclays' Ben...

Lexmark (LXK -7.5%) closes the day off sharply following a downgrade to Sell from Barclays' Ben Reitzes, who predicts managed printing services and the growing popularity of mobile photo viewing/sharing will continue hurting print volumes. Managed services are "driving more volume to fewer mid-range printers," he notes. Estimates are also cut for H-P (HPQ) and Xerox (XRX) - the former has voiced similar concerns about mobile's impact on printing. (previous)
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