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Oppenheimer Maintains Outperform on NCR Corp. (NCR)

October 19, 2012 11:55 AM EDT Send to a Friend
Get Alerts NCR Hot Sheet
Price: $33.75 --0%

Rating Summary:
    5 Buy, 2 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 2 | Down: 3 | New: 7
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Oppenheimer maintained an Outperform NCR Corp. (NYSE: NCR) with a price target of $28.00. NCR is a manufacturer of ATMs, self-service kiosks, POS devices, and business consumables to the financial, retail, travel, and gaming industries. Yesterday the company reported Q3 EPS of that beat estimates by 5 cents.

The solid earnings report was helped by what Oppenheimer analyst Ian Zaffino called "impressive margins" in retail in hospitality.

"Overall, another strong quarter despite weakness reported by competitors [Diebold (NYSE: DBD)]. The ongoing pension pre-fund could add an impressive $6 to the share price--e.g., $2 from the $800M buyout and $4 from the removal of the pension overhang (which could allow NCR to trade in line with DBD)," said Zaffino.

For an analyst ratings summary and ratings history on NCR Corp. click here. For more ratings news on NCR Corp. click here.

Shares of NCR Corp. closed at $22.16 yesterday.




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Comments

Earnings
Leon David Peris on 2012-10-19 12:30:04
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We are strong on this pick.


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