Cantor Fitzgerald initiated coverage of XBP Global with an Overweight rating and $5 price target. XBP's acquisition of Exela marks its shift into a turnaround story, with strong customer entrenchment providing downside protection through deep integration in critical workflows, the analyst tells investors in a research note. Its technology segment adds upside potential from agentic AI at a discounted valuation, which could draw strategic interest, the firm says.
