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Biotech / Medical : TELK -- Telik, Inc.

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To: scaram(o)uche who wrote (343)1/16/2003 2:51:12 PM
From: tom pope  Read Replies (1) of 887
 
Briefing:
Telik upped to Overweight at Lehman (12.94 +0.84)
Lehman upgrades to OVERWEIGHT from Underweight and raises price target to $18 from $14. Rating change is based on stock's more reasonable valuation following the full vetting of risk associated with TLK-286 colorectal data and a more optimistic outlook ahead as the company initiates a phase III trial in ovarian cancer.
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