Wedbush Raises price Target on NCR Corp. (NCR) Following 3Q; Reiterates Neutral
Wedbush reiterated a Neutral rating on NCR Corp. (NYSE: NCR), and raised the price target to $30.00 (from $25.00), following the company's 3Q earnings report. Revenue of $1.68 billion beat consensus expectations of $1.63 billion. Non-GAAP EPS of $0.87 beat consensus of $0.81 on $0.06 of onetime add backs.
Analyst Gil Luria commented, "We expect NCR to sustain low-single digit organic revenue growth and mid-single digit earnings growth, but believe there may still be some risk to 2016 FCF guidance."
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Shares of NCR Corp. closed at $30.25 yesterday.