BMO Capital Markets lowered shares of Xerox Corp. (NYSE:XRX) from an outperform rating to a market perform rating in a report released on Monday, TheFlyOnTheWall.com reports. BMO Capital Markets currently has $11.50 price objective on the stock. The analysts noted that the move was a valuation call. Xerox Corporation (NYSE:XRX) stock opened at $10.75 in last trading session, and closed at $10.74, trading in the range of $10.72 – $10.81. The stock showed a negative weekly performance of -0.46%.
International Business Machines Corp. (NYSE:IBM) is expanding its cloud services to lure customers to its SoftLayer Technologies Inc. business that it’s counting on to help reverse seven quarters of falling sales. International Business Machines Corp. (NYSE:IBM) shares closed at $ 182.79 on last trade day, by losing -0.80%. Stock 52 week range is $172.19 – $215.90. Company’s market capitalization is $198.48 billion.
Mobility is the most important digital technology priority for large enterprises, a new global study by Accenture Plc (NYSE:ACN) has found. Reflecting its role as an enabler of other technologies in today’s digital businesses, 43 percent of respondents ranked mobility as a top one or two priority, with 77 percent placing it in the top five. Big data analytics came next with 72 percent putting it in the top five, followed by connected products* at 65 percent. Accenture Plc (NYSE:ACN) stock advanced 0.50% and finished the last session at $83.80. The EPS of the stock remained 5.02. Company’s market capitalization is $67.68 billion.
Hewlett-Packard Co. (HPQ) accused ServiceNow Inc (NYSE:NOW) of infringing eight patents for software used to manage companies’ computer networks in a lawsuit that seeks damages for lost profits. ServiceNow Inc (NYSE:NOW) stock opened at $67.45 in last trading session and closed at $69.28. The 52 week range of the stock is $30.89 – $71.10 and the day range was $67.23 – $71.10.