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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: Larry S. who wrote (52341)	1/10/2005 10:34:26 AM
From: - with a K	Read Replies (1) of 53068

NEW YORK, Jan 9 (Reuters) - Diebold Inc. (DBD) shares -- on the rise since early November -- could see further gains as the company benefits from the banking industry's refitting of older automated teller machines (ATMs), according to a report published by Barron's. In its Jan. 10 issue, the weekly business publication said revenues at Diebold, which makes electronic voting machines as well as ATMs, could rise. Citing an analyst at FTN Midwest Securities, Barron's reported that Diebold's $600 million in yearly revenues from banking security could grow as much as 12 percent in 2005. The report also said Diebold shares likely will rise from current levels citing an analyst at Hibernia Southcoast Capital who has rated the firm's share a "buy" with a target of $66. Diebold shares closed at $54.25 on Friday. In December, they hit a 12-month high of $56.45.

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