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Upgrade Sparks Parametric
Shares of engineering design software maker Parametric Technology(PMTC Quote) got a lift Tuesday from an analyst upgrade.
The stock was up 82 cents, or 4%, to $21.10 in afternoon trading. It has been rising since May 1, when it closed at $17.73.
Goldman Sachs analyst Sasa Zorovic upgraded the stock to a buy. "Our checks into the Parametric channel indicate strong sales in the June quarter ... and positive commentary regarding its most recent Windchill 9.0 release" of process-management software, he wrote. ...
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