Xerox seeing positive momentum in services, says Piper Jaffray Piper Jaffray says recent meetings with management indicate Xerox is seeing position momentum in services. Piper sees catalysts for services revenue growth acceleration over the next four quarters and raised its price target for Xerox shares to $15 from $14. The firm reiterates an Overweight rating on the stock.
Allegion selects Xerox in five-year agreement Allegion (ALLE) selected Xerox (XRX) to support the companyís IT infrastructure as part of a five-year agreement. Xerox will support Allegionís infrastructure by managing IT services.