Manugistics, i2 Rise on Analysts' Assessment
Manugistics (MANU) - Get Report was up 10.2% in early afternoon 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 benefited from the comments, rising 10.4%.
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