Stock Watch: Analyst Recommendation Boosts QXL.com

QXL.com PLC (Nasdaq: QXLC) soared 29 43/64 Thursday to close at 51 63/64 on reports that analyst Thomas Bock of SG Cowen began coverage of the stock with a strong buy recommendation, saying the UK-based Internet auction site could grow to rival eBay. QXL American depositary receipts traded as high as 117 3/8 at one point during the day.

The Wall Street Journal’s “Heard on the Street” column said some analysts and investors questioned the logic of the 28 year-old Bock, who told the Journal he was focusing on the size of the company’s market and its position, rather than revenue or earnings.

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