Diebold assumed with an Outperform at Wedbush

Wedbush assumed Antoine Legault initiated coverage of Diebold (DBD) with an Outperform rating and $60 price target Heading into Q2 earnings, the firm believes that backlog and cash flow figures will be in focus, as well as any potential impacts from a weaker USD, changing tariff policies, and order pull-ins. Wedbush will also look for further management commentary and updates around signs pointing to uptick in orders driven by the beginning of a refresh cycle, and progression or shifts to a services model and/or increased software traction and value-add.