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Biotech / Medical : Analysts and Calls -- Lehman

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To: tuck who started this subject6/10/2003 2:55:35 PM
From: Icebrg   of 30
 
ICOS initiated with "overweight" -update

Tuesday, June 10, 2003 10:27:01 AM ET
Lehman Brothers

NEW YORK, June 10 (New Ratings) — Analyst Jim Birchenough of Lehman Brothers initiates coverage of ICOS Corporation (ICOS) with an "overweight" rating. The target price is set to $53.

The analyst expects ICOS Corporation's stock to benefit significantly from the robust sales potential of the company's upcoming erectile dysfunction drug, Cialis. Lehman Brothers anticipates a rapid expansion potential for the male erectile dysfunction market, following the launches of Cialis and GSK/Bayer's Levitra in 2H03.
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