Exela Technologies, Inc. (“Exela”) (NASDAQ: XELA, XELAP), today announced a new framework contract with a public IT and communications service provider for several German federal states and tax administrations. The 3-year framework agreement enables Exela to deploy its Digital Mail Room (DMR) module as part of its XBP™ Global platform and provide mass digitization services estimated at $11 million total contract value based on expected customer volumes and market growth.
Morgan Stanley Maintains Overweight on Patterson-UTI Energy, Raises Price Target to $19
Morgan Stanley analyst Connor Lynagh maintains Patterson-UTI Energy (NASDAQ:PTEN) with a Overweight and raises the price target from $18 to $19.
