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Biotech / Medical : Sepracor-Looks very promising

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From: Icebrg12/4/2006 9:14:35 AM
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Soleil Securities upgrades Sepracor (SEPR) to Buy, Says Far More Attractive Takeover Target
12-04-2006 08:17:37 AM

Soleil Securities upgrades Sepracor (Nasdaq: SEPR) from Hold to Buy with a $67 price target citing improving fundamentals driven by an awakening in the previously sluggish insomnia market, a surge in Xopenex HFA (inhaler) prescriptions, and an apparent delay to Xopenex UDV reimbursement cuts.

Analyst Matt Renna of Neponset Equity Research said, We believe now a far more attractive consolidation target and see the possible addition of SEPR's portfolio to the bag of a larger player as a means to improve sales force efficiency."
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