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Fly News Breaks for March 25, 2019
NCR
Mar 25, 2019 | 06:19 EDT
JPMorgan analyst Paul Coster downgraded NCR Corp. to Neutral from Overweight with an unchanged price target of $32. The stock looks attractively valued but its mix-shift toward software and software-as-a-service will not be fast enough to "trigger a re-rating of the stock in the next 6-12 months," Coster tells investors in a research note. The analyst thinks NCR shares will likely be range-bound pending evidence that its new management can drive faster growth in software and SaaS.
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