Mach7 Technologies initiated with a Buy at Jefferies

Jefferies analyst Wei Sim initiated coverage of Mach7 Technologies with a Buy rating and A$1.10 price target. Mach7 provides a highly ranked Enterprise Imaging Solution at competitive pricing, says the firm, which views this as “the sweet spot in an increasingly cost-focused industry.” As the mix of recurring revenue increases, it will improve earnings visibility and lower cash flow volatility, the analyst says.