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UPDATE: Goldman Sachs Downgrades Diebold to Sell on Relative Valuation, Growth Risk

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Goldman Sachs downgraded Diebold (NYSE: DBD) from Neutral to Sell and lowered the price target from $29.00 to $27.00.

Goldman Sachs commented, "On a sector relative basis, we downgrade DBD to Sell from Neutral as we are now more cautious on (1) the company's core ATM demand backdrop as banks focus on controlling expenses in a tough environment; (2) potential share losses in the US regional and Brazil ATM market to NCR where its order growth has shown relative strength; and (3) potential pricing risk from a shift in orders to larger banks."

Diebold closed at $30.77 on Tuesday.

Latest Ratings for DBD

DateFirmActionFromTo
Sep 2016JP MorganUpgradesNeutralOverweight
Aug 2016JP MorganInitiates Coverage onNeutral
Jul 2016Pacific CrestAssumesSector Weight

View More Analyst Ratings for DBD
View the Latest Analyst Ratings

Posted-In: Goldman SachsAnalyst Color Downgrades Intraday Update Analyst Ratings

 

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