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.
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Ariba
(ARBA)
was down 4.3% and
Commerce One
(CMRC)
was down 4%.
