Analysts generally upbeat on Brightpoint acquisition

February 21, 2007
Two analysts who follow Plainfield-based Brightpoint Inc. have issued upgraded recommendations since the Plainfield-based cell phone distributor announced yesterday that it would buy Dangaard Telecom of Denmark in a $308 million stock swap.

Ittai Kidron of CIBC World Markets said the stock will outperform its sector, and Christin Armacost of Lazard Capital Markets issued a “Buy” recommendation.

Two other analysts held steady: Sooann Roberts of Kaufman Brothers maintained a “Buy” and Matthew Hoffman of Cowen and Co. kept a “Neutral” recommendation.

Brightpoint stock is up 9 cents a share today after rising $1.43 yesterday to close at $13.91.
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