NCR Atleos price target raised to $60 from $48 at DA Davidson

DA Davidson raised the firm’s price target on NCR Atleos (NATL) to $60 from $48 and keeps a Buy rating on the shares after meeting with its management team. The discussion supported the firm’s positive view and expectations that the company’s free cash flow is positioned to climb materially higher over the next 3 years as NCR’s ATMaaS strategy ramps further, the analyst tells investors in a research note. The firm adds that this will grant the company the ability to delever further while commencing what could be materially underappreciated share repurchases.