As reported earlier, RBC Capital analyst Daniel Perlin upgraded NCR Corp to Top Pick from Outperform and raised his price target to $40 from $36. The analyst believes that the stock offers "the best risk-reward trade off" in any of his covered names heading into 2019 as the new management's sales mix shift to higher recurring revenues will offer "more financial consistency" and produce a multiple re-rating. Beyond the supply chain issue fixes, Perlin expects the management to "get new products into the market" and "leverage the global sales distribution model" in the near term, followed by the company's continued M&A leverage toward "additional products and services" in the longer term.