J.P. Morgan Raises PT on NCR to $19 (NCR)

J.P. Morgan is out with its report today on NCR (NYSE: NCR), raising its PT from $17 to $19.

In a note to clients, J.P. Morgan writes, "Retail is improving with particular strength in self checkout, where revenue was up 38% yoy and up 43% for the full year. We are raising our estimates, but maintain Neutral. Our price target goes to $19.00 (previously $17.00). We are now modeling CY11 revenue of $5.072bn (5.2% growth), PF ex pension EPS of $1.69 (previously $5.004bn/$1.43); CY12 revenue of $5,321, PF ex pension EPS of $1.73 (previously $5.122bn/$1.59)."

Shares of NCR are trading pre-market at $17.28, up 1.11% from Thursday's close.