UPDATE: The Benchmark Company Upgrades Rating to Hold and Raises PT to $8.50 on IRIS International

A report from The Benchmark Company upgrades its rating from Sell to Hold and raises its price target to $8.50 on IRIS International

. The report states, “IRIS reported Q3 results and Q4 guidance that are substantially improved over the prior 18-month trend. Free cash flow, accounts receivable and overall valuation remain areas of concern but we are upgrading IRIS shares to Hold from Sell in recognition of the overall fundamental improvement and recent new financial control by CFO Amin Khalifa." IRIS closed yesterday at $9.37.