NCR Voyix initiated with a Buy at Needham

Needham initiated coverage of NCR Voyix with a Buy rating and $22 price target. NCR is a leading provider of software and services to the retail and hospitality/restaurant industry and also has a strong digital banking software business, the analyst tells investors in a research note. The firm believes the company is in a solid position to generate healthy growth over the next several years given the large and growing total addressable market for these services.