Stocks Inch Higher Thanks to Upgrades
Page 1 of 1
Internet stocks were trading slightly higher in mid-day trading after a number of analyst upgrades and joint ventures were announced.
By 12:15 EST, internet.com's Internet Stock Index (ISDEX) was up 6.91, or 0.75 percent, to 933.89, the Nasdaq composite was adding 55.10 to 4482.75 and the Dow Jones Industrial average had fallen 59.56 to 10501.85.
PurchasePro.com (PPRO) was up 5-1/4 to 138-1/2. Robertson Stephens initiated coverage with a "buy" rating and $300 price target. Yesterday, First Boston initiated coverage with a "strong buy" rating and 12-month $205 price target.
Subscribe to Internet StockTracker,a weekly e-mail newsletter from internet.com Corp. Every Friday internet.com will deliver to your e-mail in-box the latest performance data on individual Internet companies and their competitors. Internet StockTracker will deliver to you all the statistics you need to assess the week's activity.Sign up at: e-newsletters.