INX "buy," target price raised

05/07/08 - Maxim Group

NEW YORK, May 7 (newratings.com) - Analyst William Bremer of Maxim Group maintains his "buy" rating on INX Inc (INXI), while raising his estimates for the company. The target price has been raised from $11 to $12.

In a research note published this morning, the analyst mentions that the company has reported its 1Q results ahead of expectations. INX is poised to benefit from its shift to a "Business Ready Network," the analyst says. The GAAP EPS estimates for 2008 and 2009 have been raised from $0.41 to $0.65 and from $0.59 to $0.77, respectively.