Diebold price target raised to $25 from $20 at Wedbush

Wedbush raised the firm’s price target on Diebold to $25 from $20 and keeps a Neutral rating on the shares. Diebold grew sales and product gross margins while maintaining forward guidance, the analyst tells investors in a research note. The company’s commentary suggests Diebold has room to paying down high interest rate debt as soon as the next few quarters, which could drive incremental earnings and cash generation moving forward both providing the company with additional insulation against negative events as well the ability to continue to pay back debt, reduce interest and drive increased earnings in future quarters.