UPDATE: Wedbush Lowers PT on Diebold from $44 to $36
Wedbush maintained a Neutral rating on Diebold (NYSE: DBD) and lowered its price target from $44 to $36.
Wedbush commented, “We believe that Diebold will continue to benefit from the growth of the ATM market, especially as it expands its managed services offering. However, we believe decelerating revenue will cap its multiple until visibility improves for 2013.”
Diebold closed at $33.01 on Monday.
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