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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
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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