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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject5/17/2001 3:43:09 PM
From: besttrader   of 37746
 
Affymetrix (AFFX) 35.04 +3.06: This afternoon, Dain Rauscher Wessels reiterates STRONG BUY AGGRESS rating and price target of $55 after AFFX announced that it plans to use LION bioscience's informatics technology to build a Web portal for researchers; firm thinks this integration will continue to bolster Affymetrix' market-leading position in DNA microarrays.

Inhale Therapeutic (INHL) 27.85 -0.91: This afternoon, Prudential downgrades to HOLD from ACCUMULATE citing recent concerns on the safety profile of lead product, inhaled insulin; Aventis (AVE) admitted yesterday there has been one case of pulmonary fibrosis in ts clinical trials; thinks the question now is whether there was a causal relationship with the use of inhaled insulin; believes if inhaled insulin fails, there could be substantial downside to INHL share price.
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