FreeMarkets Rises 1.6% on Initiation

FreeMarkets

(FMKT)

was up 1.6% in midmorning after

Chase H&Q

began coverage with a buy rating and a 12-month price target of 100 and placed the stock on its Focus List. The brokerage said FreeMarkets should be a "core holding" in the B2B group.

Other B2B stocks were lower.

Ariba

(ARBA)

was down 4.3% and

Commerce One

(CMRC)

was down 4%.