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Morgan Stanley Sees Focus on FCF Conversion as Long-Term Positive for NCR

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In a report published Friday, Morgan Stanley analyst Katy L. Huberty reiterated an Equal-Weight rating on NCR (NYSE: NCR).

In the report, Morgan Stanley noted, “Another quarter of meaningful revenue miss and light 2014 EPS guidance disappointed, but we view management's focus on strengthening FCF as a positive that might improve confidence in EPS sustainability and close the P/E to EV/FCF valuation gap longer-term.”

NCR closed on Thursday at $34.98.

Posted-In: Katy L. Huberty Morgan StanleyAnalyst Color Reiteration Analyst Ratings

 

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