Downgrades Buy Neutral X

XELA Exela Technologies

B. Riley Securities

$3 $0.55

Downgrades Overweight Eq-Weight X

XELA Exela Technologies

Morgan Stanley

Initiated Overweight X

XELA Exela Technologies

Morgan Stanley

$9

Initiated Buy X

XELA Exela Technologies

Nomura

$10

Initiated Outperform X

XELA Exela Technologies

RBC Capital Mkts

$7

XELA  Exela Technologies, Inc.

Exela Technologies, Inc. (Exela), formerly Quinpario Acquisition Corp. 2, is engaged in providing information and transaction processing solutions. The Company’s segments include Information and Transaction Processing Solutions (ITPS), Healthcare Solutions (HS) and Legal & Loss Prevention Services (LLPS). ITPS provides industry solutions for banking and financial services, including lending solutions for mortgages, banking solutions for clearing, anti-money laundering, sanctions, cross-border settlement; property and casualty insurance solutions for enrollments, and communications. The HS segment offerings include integrated accounts payable and accounts receivable, and information management for both the healthcare payer and provider markets. The LLPS segment solutions include processing of legal claims for class action and mass action settlement administrations, involving project management support, notification and collection, analysis, and distribution of settlement funds.