NCR Voyix initiated with a Neutral at Goldman Sachs

Goldman Sachs initiated coverage of NCR Voyix with a Neutral rating and $14 price target, representing 11% upside. The analyst sees mixed fundamentals across the company’s three segments of retail, restaurants, and digital banking. However, after completing the spin of its ATM business into a separate publicly traded company, NCR Voyix has shown a willingness to consider strategic actions that could unlock shareholder value, and shares are “very inexpensive,” the analyst tells investors in a research note.