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Why Diebold Nixdorf Stock Soared 13% This Morning

Why Diebold Nixdorf Stock Soared 13% This Morning

Shares of Diebold Nixdorf Inc. (NYSE: DBD), a manufacturer of automated self-service transaction systems and the software they run on, jumped today after the company received an analyst's upgrade and a higher price target. J.P. Morgan analyst Paul Chung upgraded Diebold Nixdorf to overweight from the previous neutral rating and raised his price target for the stock from $10 to $16. Chung told investors that Diebold is a "deep value stock" as the company improves its earnings and says that Diebold should benefit as demand for self-checkout solutions continues.