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Pitney Bowes Stock Soars 11.1% on New CEO Appointment
Generated by AI AgentAinvest Movers Radar
Thursday, May 22, 2025 4:36 am ET1min read
Pitney Bowes' stock surged 11.1% in pre-market trading on May 22, 2025, driven by the appointment of Kurt
as the new Chief Executive Officer.Kurt Wolf, the head of activist fund Hestia Capital Management, is set to take over as the CEO of
, replacing Lance Rosenzweig. This leadership change has sparked investor interest, with shares rising by 2.2% in after-hours trading. Wolf's plans for a strategic review, which may include potential acquisitions or divestitures, have further piqued market enthusiasm.Analysts have maintained a consistent price target of $17.00 for Pitney Bowes, indicating an 86.81% potential upside from the current trading price. This optimistic outlook reflects confidence in the company's growth prospects following the recent executive changes. However, GuruFocus estimates a significant downside based on the GF Value for Pitney Bowes, suggesting a potential decline of 67.36% from its present price.
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