NCR Atleos price target raised to $29 from $26 at Goldman Sachs

Goldman Sachs analyst George Tong raised the firm’s price target on NCR Atleos to $29 from $26 and keeps a Neutral rating on the shares. The company reported solid Q2 results, with EBITDA margins and EPS surpassing consensus estimates and revenue coming essentially in-line with the Street, the analyst tells investors in a research note. NCR Atleos is making incremental progress with its ATMaaS strategy and converted 1.3K units to the new model in Q2, with roughly half being ATMaaS light deployments that involve only software and services and carry less capital intensity, the firm added.