Stock Watch: Portal Software Gets Buy Rating

Shares of Portal Software (Nasdaq: PRSF), which develops customer management and billing software for online businesses, climbed 11/16 to 45-3/4 on Monday after CS First Boston initiated coverage of the company with a buy rating and a $59 price target.

Increased competition among online retailers is leading to lower margins — and the possibility of some retailers pricing themselves out of business. Therefore, it appears as if some investors are moving money out of the stocks of retailers — and into the stocks of the infrastructure companies that develop the technology the retailers need to function. More investors would be wise to consider this strategy. Of course, Portal Software is one of the infrastructure companies that could benefit as more and more online retailers enter various markets.

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