Diebold price target raised to $70 from $60 at Wedbush

Wedbush analyst Antoine Legault raised the firm’s price target on Diebold (DBD) to $70 from $60 and keeps an Outperform rating on the shares. In the firm’s view, the better Q2 results combined with effective tariff mitigation and LEAN initiatives, a strong backlog, and good visibility into forward revenues all lend further credence to management’s decision to not only maintain its guide, but to narrow the range towards the high end of its prior full year outlook.