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Fly News Breaks for May 4, 2018
DBD
May 4, 2018 | 07:31 EDT
Credit Suisse analyst Paul Condra downgraded Diebold Nixdorf to Neutral from Outperform and lowered his price target to $15 from $19 following Wednesday's 15% drop after an EPS and revenue miss. In a research note to investors, Condra said he expects a longer turnaround to the story, and prefers a wait-and-see approach as the company's management team moves forward with another round of restructuring initiatives, the details of which have not yet been announced.
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