MDB Capital Starts ITEX Corporation (ITEX) at Buy

July 3, 2008 9:42 AM EDT

MDB Capital initiates coverage on ITEX Corporation (Nasdaq: ITEX) with a Buy rating and $2.50 price target.

The firm said, " Given ITEX's leadership position in the North American cashless bartering industry, increasing membership base and solid operating metrics, we believe the company is poised for a period of expanding growth. On this basis, we believe the share price is significantly undervalued."


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