Canccord Adams Added DivX (DIVX) to their Best Idea List
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Canccord Adams added DivX (Nasdaq: DIVX) to their Best Idea List, maintaining their Buy rating and $12 price target, following a solid Q2.
The firm said, "By beating our estimates and maintaining guidance for the full year, DivX is showing clear signs of stabilization after a rough 2007. The company continues to make progress in expanding its ecosystem beyond standard definition DVD players with new wins in Blu-ray, digital TV and mobile."
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