Bell Potter has a "buy" on Melbourne IT and raised the target price to $2.40 from $2.10 previously. Melbourne IT is a provider of online services in Australia.
The company has recently undergone a major transition where it sold two key businesses – DBS and FTR – and made three key acquisitions (Netregistry, Uber and a 50 per cent stake in Outware).
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Elise Shaw writes on Markets specialising in Equity Markets, Commodities, Mining. Based in our Sydney newsroom, Elise has over 25 years experience as a finance and markets journalist and editor. Connect with Elise on Twitter.
