Analyst initiates coverage of NCR as a 'buy'
Dayton Business Journal
NCR Corp. was given a vote of confidence today by an industry analyst.
McDonald Investments Inc. analyst Matthew Summerville announced today that he has reinstated the investment firm's buy rating on NCR's stock, according to Briefing.com. Along with the rating, Summerville has set a 12-month target price for NCR's stock at $60 per share.
Dayton-based NCR is the world's largest supplier of automatic teller machines, and also provides data warehousing systems and customer check-out machines for retailers.
Before McDonald Investments issued its buy rating on NCR, the company had five analysts covering it. Two of the analysts currently rate NCR a buy and three rate it a hold, according to Quicken.com.
Shares of NCR closed down 31 cents at $46.71 per share in late afternoon trading on the New York Stock Exchange. NCR has a 52-week high stock price of $53.69 and a low of $32.38.
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