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Strategies & Market Trends : Three Amigos Stock Thread
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To: freelyhovering who wrote (14132)2/20/1999 12:25:00 PM
From: Sergio H  Read Replies (2) of 29382
 
<SEPR>

Myron, I found a briefing on Gruntal's report cutting SEPR to a buy form a strong buy. The analyst downgraded the stock but raised his price target from $121 to $155 and said that the stock remains a must own (makes no sense to me).
wsvoice.com
RESEARCH ALERT-Gruntal cuts Sepracorto buy

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NEW YORK, Feb 19 (Reuters) - Gruntal said on Friday it cut its rating on biotechnology firm Sepracor Inc. to buy from strong buy.
-- The cut came a day after a "breathtaking one-day stock surge", Gruntal said. Sepracor shares rallied $18.69 and touched a new high of $137.25 on Thursday after its chief financial officer said he was bullish on earnings for the years 2001-2003 in an interview with Reuters, the anayst said.

-- said Sepracor's 1998 losses, of $3.23 a share, were narrower than expected. Sepracor is expected to lose money in 1999 and 2000, Gruntal said, with "a big breakout to first-year profitability in year 2001."

-- downgraded the stock due to its phenomenal long-term rise. It is up fivefold since August 1997, when it was at $24.

-- raised 12-month price target to $155 because the stock has exceeded Gruntal's prior target of $121 a share.

-- Sepracor shares slipped 7-5/16 to 129-15/16, losing more than 5 percent and erasing more than a third of its gains from Thursday.

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