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Textura up 8 Percent on Positive Analyst Comments (TXTR)

Shares of Textura (NYSE: TXTR) were up more than 8 percent after analysts initiated coverage on the stock.

Textura IPOed in early June and quickly ran up 20 percent. On Tuesday, four analysts initiated coverage with outperform ratings. Barrington and Oppenheimer placed a $35 price target on the stock and Credit Suisse believes the stock will reach $33.

The company offers an online collaboration platform for the construction industry. Revenue doubled to $21.7 million in the its last fiscal year.

[stock-tools exchange="NASDAQ" symbol="TXTR" image_height="230" image_width="350"]

Disclosure: At the time of this writing, the author had no position in the above mentioned company.

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