Brean Murray Raises Their Price Target on INX (INIX) to $16
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Brean Murray raises their price target on INX (NASDAQ: INIX) from $12 to $16.
The firm said, "Earlier this week, INX Inc. announced its acquisition of privately held AccessFlow, Inc., expanding INX’s presence in the high-growth virtualization market. We believe AccessFlow-related revenue will begin to ramp in 4Q08 as the company integrates its operations and expands the new virtualization offerings across INX’s 14 existing branch offices."
INX, Inc. provides Internet protocol (IP) communications solutions in the United States.
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