Zacks Investment Research downgraded shares of NCR Corp. (NCR) from NEUTRAL to UNDERPERFORM on November 05, 2014, with a target price of $25.00.
We downgrade our recommendation on NCR to Underperform as the company lowered the fiscal 2014 revenue guidance anticipating lower revenue growth across its business segments, especially Retail segment. Also, the company reported year-over-year decline in third-quarter earnings. Continued investments in business to provide new and differentiated products could also impact margins in the near term, coupled with softness in the ATM business in mature markets and a high debt burden, remain the concerns going forward. However, continuous product launches, growing popularity of its self-service offerings and synergies from acquisitions are the catalysts. NCR's deal wins across its business segments also prove beneficial for the company's top line.
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