Stock Watch: Upgrade Bolsters Razorfish

Shares of Razorfish (Nasdaq: RAZF), which provides Internet consulting and digital communications solutions for companies such as Charles Schwab, rocketed nearly 22 percent on Monday, gaining 6-3/4 to 37-5/8 after the stock was upgraded by Lehman Brothers. Lehman Brothers, which was a co-manager of Razorfish’s April initial public offering, upgraded the stock to buy from outperform and gave the stock a 12-month price target of $48.

The recommendation from Lehman Brothers also helped boost shares of e-business solutions provider i-Cube (Nasdaq: ICUB), which Razorfish is acquiring. Shares of i-Cube gained 4 — or 16.6 percent– to 28-1/16 on Monday.

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