Stock Watch: Homestore Rises on Analyst Upgrade

Homestore.com (Nasdaq: HOMS) gained 5/8 to 31 5/8 Wednesday after Banc of America Securities upgraded the stock to strong buy from buy.

Homestore, which operates real estate and homebuilding Web sites, earlier this month acquired Top Producer Systems, which makes software for real estate professionals. Also this month, the company signed agreements with Beazer Homes USA and e-finance software firm Dorado.com.

Homestore is based in Thousand Oaks, California.

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