Compass Point Upgrades Diebold (DBD) to Buy; Recent Pullback Offers Opportunity
Tweet
Share
E-mailGet Alerts DBD Hot Sheet
Price: $69.94 +3.14%
Rating Summary:
6 Buy, 7 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
6 Buy, 7 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
Compass Point upgraded Diebold (NYSE: DBD) from Neutral to Buy, price target raised from $40 to $45.
Analyst, Douglas Greiner, said, "Due to the recent 6% pullback and ahead of Q1 2012 results, we are upgrading our rating to Buy. Further, in anticipation of continued FSS strength, we are raising our EPS estimates for 2012 to $2.50 ($2.45 previously) and for 2013 to $2.90 ($2.77 previously). Based on our higher EPS estimates, our revised price target is $45. Given strength across the ATM industry, we find Diebold's heavy ATM exposure (75% of total revenue) particularly attractive. Within Security (21% of total revenue), Diebold is steadily building a reputation for having an expertise in creative integrated electronic security solutions and we expect related growth to offset weakness in physical security."
For an analyst ratings summary and ratings history on Diebold click here. For more ratings news on Diebold click here.
Shares of Diebold closed at $37.99 yesterday.
Analyst, Douglas Greiner, said, "Due to the recent 6% pullback and ahead of Q1 2012 results, we are upgrading our rating to Buy. Further, in anticipation of continued FSS strength, we are raising our EPS estimates for 2012 to $2.50 ($2.45 previously) and for 2013 to $2.90 ($2.77 previously). Based on our higher EPS estimates, our revised price target is $45. Given strength across the ATM industry, we find Diebold's heavy ATM exposure (75% of total revenue) particularly attractive. Within Security (21% of total revenue), Diebold is steadily building a reputation for having an expertise in creative integrated electronic security solutions and we expect related growth to offset weakness in physical security."
For an analyst ratings summary and ratings history on Diebold click here. For more ratings news on Diebold click here.
Shares of Diebold closed at $37.99 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Mizuho Reiterates Outperform Rating on Broadcom Limited (AVGO) Into EPS
- Beike (BEKE) PT Raised to $23 at Morgan Stanley
- Keefe, Bruyette & Woods Resumes Bank of Nova Scotia (BNS:CN) (BNS) at Outperform
Create E-mail Alert Related Categories
Analyst EPS Change, Analyst EPS View, Analyst PT Change, UpgradesSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
