NCR Corporation (NCR)

Given its robust business model, aggressive cost-cutting measures and new business initiatives, we expect NCR Corporation (<a href=http://www.zacks.com/stock/quote/ncr>NCR</a>) to resume growth across segments later this year. This should be sustainable for the foreseeable future as its customers seek to cut costs through increased automation. <p> However, NCR experienced a significant drop off in business activity in the retail segment in the second half of 2008 as well as in the first quarter of 2009. The new offer worth $13.0 million from Georgia state, coupled with a new facility addition in Brazil will help the company going forward. <p> Meanwhile, the company has a sound balance sheet and generated moderate cash flows in Q1. We maintain our Buy rating on NCR shares but increase our six-month price target to $14.00, after factoring in the economic environment.

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