BEA Down 7.3% Despite Initiation
BEA Systems
was down 7.3% in midmorning after
Merrill Lynch
began coverage with an intermediate-term accumulate, long-term buy rating and a 12-month target of $57.
Merrill said it considers BEA a core software provider for both corporate and Internet-based applications.
TST Recommends
Among other large software providers,
Microsoft
(MSFT) - Get Report
was up 1.7% and
Oracle
(ORCL) - Get Report
rose 0.2%.
