NCR Corp. Big with ATMs
NCR Corporation (NCR - Analyst Report) is a large, well-established global technology firm with a diversified product base. NCR and its subsidiaries provide technology and solutions for the retail and financial industries.
Continued momentum in the ATM business as well as positive currency benefits have driven growth and led NCR Corp. to post gains in Financial Self-Service, its largest division. The company has also posted meaningful growth in the retail segment through increased orders.
We are encouraged that the company is posting earnings growth through improved top-line growth, which we believe is sustainable for the foreseeable future as its customers seek to cut costs through increased automation. However, concerns regarding an economic slowdown remains, leading us to our conservative estimates for fiscal 2009 and 2010.
We have maintained our Buy rating on NCR shares but have lowered our six-month price target to $22.00.
Read the full analyst report on NCR
|
|
|
Share |
RSS |
Rate Pos |
Rate Neg |
Comment |
|
|
||||||
Loading Stories...Most Popular on Zacks.com
More Zacks Resources
Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.
Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.
Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.
My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.
More Zacks Links
| Market Summary | Nov 08, 2009 05:51 am ET |
Sponsored Links


Sponsored Links 
-1.46 %

17.46
[CLICK TO CLOSE X]