NCR Voyix reinstated with a Neutral at Goldman Sachs

Goldman Sachs reinstated coverage of NCR Voyix with a Neutral rating and $14 price target The firm believes the sale of the company’s digital banking business has “significantly improved” its balance sheet. NCR Voyix’s leverage is coming down, which puts the company in a position to commence more consistent capital return, the analyst tells investors in a research note. However, Goldman believes the company is operating in a highly competitive industry with both secular headwinds and competitive pressures.