Manugistics Continues Rise
Manugistics (MANU) - Get Report was up 8.3% in early trading a day after Deutsche Banc Alex. Brown initiated coverage on the stock with a buy rating. Deutsche Banc analyst Tim Dolan said the software company could become a $500 million to $1 billion company in two to four years.
Dolan added that the supply chain software sector, where Manugistics is second to
i2 Technologies
(ITWO)
, was poised to become one of the fastest growing software markets over the next three or more years.
i2, which rose 10.4% by the bell Wednesday, was also on the rise again this morning, up 7.7%.
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