DA Davidson analyst Matt Summerville raised the firm’s price target on NCR Corp. to $40 from $37 and keeps a Buy rating on the shares. The company’s healthy free cash flow generation in Q2 once again drove some welcome balance sheet deleveraging ahead of the planned separation that is still expected on or about October 1, the analyst tells investors in a research note. The firm adds that NCR’s metrics across its businesses also “remain sound”.
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