INX "speculative buy," target price raised

04/01/08 - Taglich Brothers

NEW YORK, April 1 (newratings.com) - Analyst Luis Martins of Taglich Brothers reiterates his "speculative buy" rating on INX Inc (INXI). The 12-month target price has been raised from $11 to $12.

In a research note published yesterday, the analyst mentions that the company's 4Q07 net revenues, net income and income from continuing operations rose on a y/y basis. The 2008 estimates for INX's revenues and net income, before adjustments, have been revised to $279.3 million and $4.1 million, respectively, the analyst says. The company has issued its revenue guidance for 1Q at $55-$60 million, reflecting its acquisitions and organic growth.