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Fly News Breaks for April 18, 2016
EBIX
Apr 18, 2016 | 10:28 EDT
Craig-Hallum analyst Jeff Van Rhee increased his price target on Ebix shares to $63 from $48 after the company announced a "first of its kind" deal for the Product Placing Limited platform being built for London Market Group and disclosed the first financial details for the agreement. Van Rhee thinks the launch of the London exchange could be the "first domino to fall" and that insurance markets in other countries and regions may act similarly, he tells investors. The firm keeps a Buy rating on Ebix shares.
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