Wedbush Downgrades NCR Corp. (NCR) to Neutral; Risk From Foreign Corrupt Practices Act Issues
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Price: $31.44 -1.23%
Rating Summary:
5 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 19 | Down: 23 | New: 29
Rating Summary:
5 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 19 | Down: 23 | New: 29
Trade NCR Now!
Wedbush downgraded NCR Corp. (NYSE: NCR) from Outperform to Neutral with a price target of $23.00 (from $33.00).
Analyst, Gil Luria, said, "We believe NCR could grow EPS at a 15% CAGR over the next three years if it is able to avoid the impact of potential Foreign Corrupt Practices Act (FCPA) issues. However, pending more visibility into the impact of the issues raised by the Wall Street Journal online, we believe this growth is at risk and are downgrading shares."
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 $25.12 yesterday, with a 52 week range of $15.28-$25.99.
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Analyst, Gil Luria, said, "We believe NCR could grow EPS at a 15% CAGR over the next three years if it is able to avoid the impact of potential Foreign Corrupt Practices Act (FCPA) issues. However, pending more visibility into the impact of the issues raised by the Wall Street Journal online, we believe this growth is at risk and are downgrading shares."
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 $25.12 yesterday, with a 52 week range of $15.28-$25.99.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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