Stock Watch: Interwoven Rockets on Upgrade

Shares of Interwoven (Nasdaq: IWOV), which offers content management solutions for online businesses, gained 18-9/16 to 145-9/16 on Wednesday after getting a major upgrade from Credit Suisse First Boston. CS First Boston raised its rating on Interwoven to strong buy from buy and increased its price target to 227 from 105.

On Tuesday, Interwoven reported a fourth quarter loss of 24 cents per share and revenues of more than $7.5 million. The company also announced a partnership with Calico Commerce and an expanded alliance with Broadvision.

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