Dutton Associates Covers MyECheck, Inc. (MYEC.OB) with “Speculative Buy” Rating and $3.25 Price Target
On October 14, 2008, Dutton Associates initiated coverage of MyECheck, Inc. with a “Neutral” rating. However, after the strong revenue and transaction growth that took place during the third quarter and nine months, as well as the further accelerated growth in October, the research bureau upgraded their rating to “Speculative Buy” with an initial price target of $3.25 a share. MyECheck, Inc. is aggressively addressing opportunities made available by the recent passage of the Check Clearing for the 21st Century Act (Check 21). The company has the patented technology and infrastructure necessary to become a major force in the new…