Truist Securities Initiates Pitney Bowes Coverage with Hold Recommendation, Sees 36.27% Upside Potential

Truist Securities initiated coverage of Pitney Bowes (PBI) with a Hold recommendation. The average one-year price target for PBI is $13.94/share, representing a 36.27% increase from its latest closing price of $10.23/share. The projected annual revenue for PBI is 3,736MM, an increase of 93.46%. The projected annual non-GAAP EPS is 0.80. The put/call ratio of PBI is 0.18, indicating a bullish outlook.