AremisSoft

(AREM)

was up 1.7% in early trading after

Lehman Brothers

raised its 12-month price target to $37 from $35.

AremisSoft, a softwaremaker, said last week that it would acquire

Fourth Shift

for $40.5 million. Lehman said it believes the acquisition will add 4 cents to AremisSoft's 2001 earnings and 10 cents in 2002.