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Biotech / Medical : sgp(schering plough)

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To: Brad who wrote (108)	11/27/2003 2:07:24 PM
From: Home-Run	Read Replies (1) of 117

Schering-Plough "strong buy," estimates reduced Tuesday, November 25, 2003 2:07:07 PM ET Raymond James NEW YORK, November 25 (New Ratings) - Analyst Michael Krensavage of Raymond James maintains his "strong buy" rating on Schering-Plough Corp (SGP), while reducing his estimates for the company. The target price is set to $25. In a research note published this morning, the analyst mentions that Schering-Plough recently issued bonds worth of $2.4 billion. This is expected to exert a downward pressure on the company's EPS in the medium term on account of the rising interest expenses, the analyst says. The valuation of Schering-Plough’s stock is attractive, given the company's long term revenue upside potential, Raymond James believes. © 2003 New Ratings newratings.com

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