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Commerce One Downgrade Hits Stock
In the first sign that its run up may be hitting a peak, an analyst downgraded Commerce One(CMRC Quote) Tuesday to hold from accumulate.
Jefferies analyst Richard Williams cut his rating because of the stock's high valuation and his concerns over potentially slowing sales in the business-to-business sector, he wrote in a research note. (His firm hasn't done underwriting for Commerce One.)
Commerce One's stock was lately off $6.44, or 8.8%, at $66.13. ...
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