UPDATE: Morgan Stanley Downgrades NCR Corp. (NCR) to Equalweight
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Pre-Open Movers: FedEx Sinks on Warning, Applied Optoelectronic Up on Asset Sale
September 16, 2022 9:19 AM EDTPre-Open Stock Movers:
Applied Optoelectronics, Inc. (NASDAQ: AAOI) 27% HIGHER; announced today that it has entered into a definitive agreement (the Agreement) with Yuhan Optoelectronic Technology (Shanghai) Co., Ltd. (the Purchaser or Yuhan) for the sale of its manufacturing facilities located in the Peoples Republic of China and certain assets related to its transceiver business and multi-channel optical sub-assembly products for the internet datacenter, telecom, and FTTH markets for a purchase... More
RBC Comments on NCR Corp. (NCR) Separation into Two Companies: 'Not the outcome we were hoping for'
September 16, 2022 9:16 AM EDTRBC Capital analyst Daniel Perlin reiterated an Outperform rating and $44.00 price target on NCR Corp. (NYSE: NCR).
The analyst comments "Classic separation of growth vs. cash flow. Based on the press release, the strategic plan calls for splitting the company into two entities: 1) Digital commerce, which encompasses its growth assets and softwareled businesses and includes global retail, hospitality, and digital banking.... More
NCR Corp. (NCR) to Separate Into Two Independent, Industry-leading Companies (Earlier)
September 16, 2022 9:09 AM EDTNCR Corporation (NYSE: NCR), a leading enterprise technology provider to banks, retailers and restaurants, today announced its Board of Directors has unanimously approved a plan to separate NCR into two independent, publicly traded companies one focused on digital commerce, the other on ATMs. The separation is... More
