Diebold price target raised to $80 from $65 at DA Davidson

DA Davidson raised the firm’s price target on Diebold (DBD) to $80 from $65 and keeps a Buy rating on the shares. The company’s Investor Day presentation unveiled “reasonable” long-term financial targets through 2027 with a focus on balance sheet stewardship, material improvements in free cash conversion/generation, and return of capital to shareholders via buybacks, the analyst tells investors in a research note. The firm adds that these “resonated” against a “very undemanding” valuation backdrop, calling the stock its “high conviction” idea.