UPDATE: JP Morgan Reinstates Coverage on NCR Corporation After Period of Restriction

In a report published Monday, JP Morgan analyst Paul Coster initiated coverage on NCR Corporation

at Overweight, with a price target of $48.00. According to the report, following a period of restriction, analysts are moving to an Overweight rating and a December 2014 price target of $48.00 (Overweight rating and $46.00 price target prior to restriction), from a Not Rated designation. NCR is being added to the U.S. Equity Analyst Focus List. Estimates remain unchanged. NCR closed Friday at $36.11 with shares trading up at 1.66 percent.