UPDATE: Imperial Capital Initiates Diebold Incorporated with Outperform, $47 PT on Strategy, Opportunities

Imperial Capital initiates its coverage on Diebold Incorporated

with a rating of Outperform and a $47 price target. Imperial Capital comments, "We believe DBD is strongly positioned to capitalize on the financial industry's shift toward self-service transactions. We see particular growth opportunities for DBD's deposit automation solutions, with a total addressable market of over 90,000 ATMs in North America and representing a multi-year upgrade cycle globally." DBD closed at $37.55 on Wednesday.