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Post# of 363758
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nlightn

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nlightn

Re: nlightn post# 218046

Friday, 10/24/2014 9:23:45 AM

Friday, October 24, 2014 9:23:45 AM

Post# of 363758
$NCR,...Goldman upgrades NCR following earnings

Believing shares are now properly valued and expectations more realistic, Goldman has upgraded NCR to Neutral, and upped its target by $1 to $26.

The upgrades comes a day after NCR posted its Q3 report, which confirmed the numbers and commentary provided in the company's Monday warning. On Tuesday, activist Marcato Capital disclosed a 6.5% stake, and nominated a director.

NCR's Retail Solutions revenue fell 1% Y/Y in Q3 to $489M. Financial services +17% to $899M; Hospitality +4% to $168M; Emerging Industries +6% to $91M. Gross margin fell 300 bps Y/Y to 24.5%

invest at your own risk, based on your own due diligence, at your own risk tolerance

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