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Fly News Breaks for November 16, 2017
DBD
Nov 16, 2017 | 05:42 EDT
JPMorgan analyst Paul Coster upgraded Diebold to Overweight citing valuation with the shares down 36% year-to-date. The analyst sees a "price dislocation" with the stock at a multi-year low. He cut his price target for the shares to $24 from $29. Coster calls Diebold's fundamentals "weak but stable" and notes he still believes an ATM upgrade cycle is coming.
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