Stephens lowered the firm’s price target on NCR Voyix to $16 from $19 and keeps an Overweight rating on the shares. While management reiterated its targets of mid-single digit revenue growth and slightly faster EBITDA growth, the FY24 guidance reduction from the September 2023 view “perpetuates concerns around visibility/controls,” the analyst tells investors. The firm is introducing FY24 and FY25 adjusted EPS estimates of 89c and $1.11, respectively.
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