Brazil Orders Diebold Machines Ahead of Schedule, JP Morgan Pulls Revenue Forward (DBD)

The Superior Electoral Court of Brazil has ordered a second purchase of 30,000 voting machines from Diebold DBD. 195,000 Diebold machines could ship in 2Q-3Q2010. JP Morgan is pulling $30 million in revenue from FY2011 to FY2010. CY10 PF EPS went up to $2.13 from $2.06, while CY11 PF EPS went down to $2.24. JP Morgan analysts say that these estimates could be too conservative. JP Morgan's price target for Diebold was revised downwards by $1 to $36. DBD is still rated Neutral. Shares of DBD are currently trading at $28.24.