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Biotech / Medical : Triangle Pharmaceuticals (VIRS)
VIRS 40.030.0%Oct 10 5:00 PM EST

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To: Jack Hartmann who wrote (27)3/4/2000 9:39:00 PM
From: Jack Hartmann  Read Replies (1) of 34
 
Friday January 28, 11:51 am Eastern Time
RESEARCH ALERT - Triangle Pharma raised
SAN FRANCISCO, Jan 28 (Reuters) - Robertson Stephens said Friday that analyst Michael King raised his rating on Triangle Pharmaceuticals to strong buy from a buy.

--increased price target to $28 per share.

--said that while Triangle trades below its most direct comparable companies, the stock warrants a premium to its antiviral drug development peer group, based on the number and stage of development of its product candidates.

--expects data to be presented on Triangle's most significant commercial compound Coviracil at the upcoming Retrovirus conference in San Francisco to be strong, with a substantial portion of patients below the level of detection.

Hmmm. Upgrade move stock up but flat since then.
Jack
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