Diebold price target raised to $40 from $25 at Wedbush

Wedbush raised the firm’s price target on Diebold to $40 from $25 and keeps a Neutral rating on the shares. The firm notes that in an SEC filing, Diebold indicated they had paid down $200M in debt. While this repayment was certainly previously telegraphed, it still suggests the company is currently comfortable with both its business visibility and cash position, Wedbush says. And indeed the solid Q4 results and steady guide Diebold has announced supports a relatively optimistic view on both fronts, the firm adds.