Benchmark Upgrades IRIS International (IRIS) to Hold; Improving Outlook
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Price: $19.49 --0%
Rating Summary:
1 Buy, 4 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 7 | New: 64
Rating Summary:
1 Buy, 4 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 7 | New: 64
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Benchmark upgraded IRIS International (NASDAQ: IRIS) to Hold with a price target of $8.50.
Benchmark analyst says, "IRIS reported Q3 results and Q4 guidance that are substantially improved over the prior 18-month trend. Free cash flow, accounts receivable and overall valuation remain areas of concern but we are upgrading IRIS shares to Hold in recognition of the overall fundamental improvement and recent new financial control by CFO Amin Khalifa. Our price target is increased to $8.50, which remains marginally below the current level. New product traction and further expense control is necessary to drive substantial share gains, in our view."
For more ratings news on IRIS International click here and for the rating history of IRIS International click here.
Shares of IRIS International closed at $9.12 yesterday.
Benchmark analyst says, "IRIS reported Q3 results and Q4 guidance that are substantially improved over the prior 18-month trend. Free cash flow, accounts receivable and overall valuation remain areas of concern but we are upgrading IRIS shares to Hold in recognition of the overall fundamental improvement and recent new financial control by CFO Amin Khalifa. Our price target is increased to $8.50, which remains marginally below the current level. New product traction and further expense control is necessary to drive substantial share gains, in our view."
For more ratings news on IRIS International click here and for the rating history of IRIS International click here.
Shares of IRIS International closed at $9.12 yesterday.
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