Market Overview

UPDATE: Compass Point Downgrades NCR Corporation to Neutral on Risk/Reward

Share:
Related NCR
NCR Silver POS Integrates with LevelUp to Provide Merchants with New Payment Option
Alaric Introduces New Version of Fractals to Modernize Payment Fraud Detection

Compass Point downgraded NCR Corporation (NYSE: NCR) from Buy to Neutral and reiterated the $30.00 price target.

Compass Point commented, "Since the October low the shares have appreciated ~32%. Following the strong run since October we are downgrading our rating to Neutral. Our $30 price target remains unchanged. While we remain optimistic heading into FY'13 forecasting 12% revenue growth to $6.5 billion driven by recent acquisitions of Retalix and Radiant Systems and see both FCPA resolution and reduced pension complexity as potential catalysts for improved sentiment, we hold to our $30 price target as fair and subsequently view the current risk/reward to be unattractive."

NCR Corporation closed at $28 on Monday.

Latest Ratings for NCR

DateFirmActionFromTo
Jan 2015JP MorganMaintainsOverweight
Jul 2014JP MorganMaintainsOverweight
Apr 2014JP MorganMaintainsOverweight

View More Analyst Ratings for NCR
View the Latest Analyst Ratings

Posted-In: Compass PointAnalyst Color Downgrades Analyst Ratings

 

Related Articles (NCR)

Around the Web, We're Loving...

Get Benzinga's Newsletters