Brean Murray Upgrades INX Inc. (INXI) to Buy
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Brean Murray upgrades INX Inc. (Nasdaq: INXI) from Hold to Buy and $12 price target, after Q1 results which beat their estimates and the consensus on higher revenue, gross margins and operating income.
The firm's upgrade is based on higher estimates, with increased confidence in the outlook due to large deals in the backlog, an expanded INX status with Cisco, and new networking technologies contributing to the company’s growth opportunities.
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