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Biotech / Medical : Celera Genomics (CRA)

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To: Raymond Clutts who started this subject9/30/2003 1:55:59 PM
From: tom pope  Read Replies (1) of 746
 
Briefing

13:21 ET CRA Celera Genomics upped to Mkt Perform at Piper Jaffray; tgt $13 (12.00 +0.72)
USB Piper Jaffray upgrades stock to Mkt Perform from Underperform after co announced the discovery of genetic biomarkers linked to myocardial infarction. While firm is not changing its forecasts based on this news, Piper does look for increased positive news flow to serve as valuation drivers for CRA as investors begin to assign value to co's early discovery efforts. Price tgt goes to $13 from $10.
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