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

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In a report published Monday, JP Morgan analyst Paul Coster initiated coverage on NCR Corporation (NYSE: NCR) 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.

Latest Ratings for NCR

DateFirmActionFromTo
Apr 2017BenchmarkInitiates Coverage OnBuy
Mar 2017OppenheimerUpgradesPerformOutperform
Aug 2016JP MorganMaintainsOverweight

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Posted-In: JPMorgan Paul CosterAnalyst Color Initiation Analyst Ratings

 

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