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Fly News Breaks for September 26, 2018
EBIX
Sep 26, 2018 | 18:36 EDT
As reported earlier, BMO Capital analyst James Fotheringham initiated Ebix with a Market Perform rating and a price target of $85. The analyst says the company's valuation appears "full" and its business model offers "below-average potential to surprise positively with respect to revenue growth". If it does grow above expectations, Fotheringham states the upside would most likely come from the company's "potential to continue to grow by acquisition, as well as by its exposure to fast-growing international markets" like India and Brazil.
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