FRASER MACKENZIE...TARGET Route1 initiated with 'strong buy'
NEW YORK, June 13 (newratings.com) - Analysts at Fraser Mackenzie initiate coverage of Route1 Inc (ticker: ROI) with a "strong buy" rating. The 12-month target price is set to
.50.
In a research note dated June 12 and published this morning, the analysts mention that the company has developed a remote connectivity product, MobiKEY, which satisfies high demand for secure access to remote PC. There is a possibility of Route1 commencing to generate positive cash flows by 3Q, in case it wins substantial orders, the analysts say. The company has a fast-paced product manufacturing turnaround, and is able to meet the growing demand for its MobiKEY devices, Fraser Mackenzie adds