NCR's Split Companies Gain Bull at Davidson -- Market Talk

Dow Jones

2023/10/17

1903 EDT [Dow Jones]--NCR's spinoff Atleos and the remaining company, renamed Voyix, are both expected to be cheap buys when they begin trading Tuesday. The spinoff of Atleos was completed late Monday, and DA Davidson analyst Matt Summerville sees both stocks as relatively undervalued. Voyix, which consists of NCR's digital payments businesses, looks poised to capture wallet share as it shifts to a subscription-based model at restaurants, Summerville says. Atleos, meanwhile, is seen as well positioned to convert customers to its service-based ATM business. Summerville initiates both stocks with a buy rating. (ben.glickman@wsj.com)

(END) Dow Jones Newswires

October 16, 2023 19:08 ET (23:08 GMT)

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