Collins Stewart Starts Global Traffic Network (GNET) at Buy
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Collins Stewart initiates covearge on Global Traffic Network (Nasdaq: GNET) with a Buy rating and $12.15 price target.
The firm said, "Despite 45% appreciation over the past 12 months, we expect the company to benefit from both short and long term catalysts: including positive 4QFY08 results; upside from the UBC acquisition and the testing and subsequent launch of a Mobile service."
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