Goldman Sachs Lifts Price Target On NCR (NCR), Keeps Top Rating

Goldman Sachs raised its price target on Conviction Buy List-rated NCR Corp. (NYSE: NCR) from $24 to $25 following better than expected Q2 results, suggesting 29% upside.

The firm said the results reflect robust revenue growth and solid operating margin performance. The firm is reiterating their Top rating saying the company's core financial and retail industries "is gaining momentum at a faster rate than expected."

Goldman raised their FY11/12/13 EPS estimates by an average 1.4%.

For more ratings news on NCR Corp. click here and for the rating history of NCR Corp. click here.

Shares of NCR Corp. closed at $19.40 yesterday.

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