Markets & Finance

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.

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