Market Overview

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

Related NCR
NCR Names Michael Bayer Senior VP And President, Retail Solutions Division
Morgan Stanley Expects FCF Conversion To Drive Stock Performance For NCR

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.

Posted-In: Compass PointAnalyst Color Downgrades Analyst Ratings

 

Most Popular

Related Articles (NCR)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters