Goldman Sachs Maintains Buy on NCR

Goldman Sachs is out with its report today on NCR NCR, maintaining Buy. In a note to clients, Goldman Sachs writes, "We reaffirm our positive view on NCR shares ahead of its 2Q11 print (scheduled for 7/28/11, after the close). We see the model as well positioned to benefit from multiple catalysts including: (1) solid spending on ATM technology by regional/community banks; (2) increased retailer spending on POS terminal upgrades; and (3) continued traction of NCR's leading self-service technology. Against this backdrop, we expect NCR to post average revenue growth of 7% and EPS growth of 16% through 2013E. Goldman Sachs maintains a $24 PT on NCR. Shares of NCR closed Monday at $18.81.