Wedbush analyst Matt Bryson notes that Diebold released an 8K updating its outlook and providing quarter-to-date details with less than one month left in Q1. The company also included a lender presentation seeking a "going-concern" waiver, immediate solutions for temporary incremental liquidity, and long-term considerations regarding its capital structure, noted the analyst. While liquidity concerns continue to be a challenge, the company’s accelerated use of cash has been largely driven by stronger shipments and higher customer demand, which "more typically would be unabated positives," said the analyst, who keeps an Outperform rating and $5 price target on Diebold shares.
Published first on TheFly
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