Oscar Gruss Upgrades Retalix (RLTX) to Buy After Meeting W/Mgmt

October 22, 2009 11:21 AM EDT

Oscar Gruss upgrades Retalix (Nasdaq: RLTX) from Hold to Buy. Price target $15.

Oscar analyst says, "This week RTLX shareholders approved the change in management and shareholder structure of the company following a nine month tug of war amongst the company’s board. We met with a representative from the Alpha Group as well as company’s management. We positively view the potential longterm implications on RTLX’s business and share price resulting from this transition."

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