Suddenly, Everyone Loves Xerox

Xerox ( XRX ) has left me puzzled. Last week, it completed its split into two companies , and its shares have been on a tear ever since. What's more, analysts can't stop themselves from releasing bullish notes, and even upgrading the stock. Consider: Since Xerox complete the separation on Jan. 3, the stock has been upgraded by Credit Suisse , JPMorgan , Goldman Sachs , and now Morgan Stanley's Jerry Liu and team have assumed coverage of Xerox with an Overweight rating, up from the previous Market Weight. They explain why: