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Strategies & Market Trends : Trade/Invest with Options Jerry a Point & Figure Chartist

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To: Jerry Olson who wrote (5127)2/21/2002 8:50:44 AM
From: SusieQ1065  Read Replies (1) of 5893
 
PRU downgraded it to sell, Jer...along with MLNM & CRA.

ET MYGN Myriad Genetics started with SELL at Pru (38.99)
Stock trades down 6% in pre-market to $36.50 after Prudential initiates coverage of stock with a SELL rating and $25 price target. The comment is part of a sector call on the genomics sector that also included initiation of CRA and MLNM with Buy ratings. With respect to MYGN, firm cites significant commercial, collaborative and clinical risk in coming qtrs. Does not believe MYGN's genetic tests add substantially to the treatment decision, and thus may not be the high growth products investors may anticipate.
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