Shares of i2 closed the day up .06 points at 52, surpassing its 52-week high of 49.31.
Analysts at First Albany raised their rating on i2's stock to "accumulate" from "neutral" and set a 12-month price target of $67 per share. Robinson-Humphrey analysts raised their short-term stock rating on the Dallas-based firm to "buy" from "market perform" and maintained a long-term "buy" rating.
i2, which competes in the growing supply chain management software space against rival Manugistics, at the same time received a downgrade from analysts at Southwest Securities to an "accumulate" rating from a "buy."
Late Sunday, the company reported third-quarter earnings in line with analysts' expectations. For the quarter, i2 reported net income of $10 million, or 12 cents a share, excluding charges related to an acquisition, compared to net income of $2.6 million, or 3 cents a share, excluding a $600,000 acquisition-related charge, a year earlier. For the first three quarters of this year, the company said its revenues rose to $395.8 million compared to $255.6 million in the same period a year ago.