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Biotech / Medical : ICOS Corporation

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To: Icebrg who wrote (990)6/13/2003 3:40:22 PM
From: Icebrg  Read Replies (1) of 1139
 
NEW YORK, June 13 (New Ratings) - Analysts at Robert W Baird issue an "outperform" rating on ICOS Corp (ICOS). The target price has been raised from $40 to $50.

The analysts mention that despite an increase of 80% in the stock price year-to-date, upside potential is still visible. The analysts say that ICOS’ 50% share in Cialis, marketed in partnership with Lilly, is on track to record $35 million in revenues from Europe alone during the current quarter. The company has already secured 30% of the market for the drug, the analysts report.

[With the current share price around 43-44, he doesn't seem to be expecting much from the rest of the market].
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