Protein Design Labs (PDLI): Stock strong Message Board

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Biotech / Medical : Protein Design Labs (PDLI): Stock strong

PDLI 2.470

0.0%

Jan 18 4:00 PM EST

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To: Stanley Cowen who started this subject	12/1/2003 11:38:02 AM
From: Saulamanca	of 407

PDLI tgt raised to $29 from $25 at C.E. Unterberg (16.54 +2.68)- Following news of agreement in principle with Genentech regarding royalties dispute (see 08:04 comment), C.E. Unterberg is increasing its royalty revenue estimate for Protein Design Labs to $82 mln from $62.5 mln for 2004, to $117 mln from $71.9 mln for 2005, and to $157 mln from $89.6 mln in 2005. Based on firm raising its 2006 EPS est to $1.30 from $1.13, co's 12-24 month price tgt goes to $29 from $25. (11:34) briefing.com

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