NCR Atleos price target raised to $30 from $25 at DA Davidson

DA Davidson raised the firm’s price target on NCR Atleos to $30 from $25 and keeps a Buy rating on the shares. The firm has reviewed results and outlook and updated its segment-driven revenue and EBITDA model following the company’s recent conference call update, the analyst tells investors in a research note. DA Davidson noted that NCR’s demand fundamentals within each segment appear solid, its expected balance sheet leverage is manageable, and its ATMaaS – or, ATM as a Service – opportunities continue to accrue.