Following several years of stagnant revenue growth, NCR Corporation (NCR) has begun to post gains in its Financial Self-Service segment, its largest division. We are encouraged that the company is now posting earnings growth through improved topline growth, which we believe is sustainable for the foreseeable future as its customers seek to cut costs through increased automation. NCR s Retail division is also showing strength with its new product line in
2008. As a result, we maintain our Buy rating on NCR shares with a six-month price target of $32.00.
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