Morgan Keegan Upgrades Identix
Morgan Keegan upgrades Identix Inc. (IDNX ) to outperform from market perform.
Analyst Brian Ruttenbur says shares have been under pressure dropping to year lows when it closed at $4.82/share yesterday. He believes the company is on track to improve its bottom line performance and expects the company to breakeven on a cash flow basis by the end of the June 2005 quarter.
He say he's optimistic about the company's prospects. Near-term catalysts include: cash flow breakeven, business from U.S. government 9US-VISIT and e-passport, local government and law enforcement agencies, new international opportunities, and emerging enterprise opportunities.
Ruttenbur thinks the shares are attractive at current levels.