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Biotech / Medical : ArQule
ARQL 20.000.0%Jan 16 4:00 PM EST

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To: SteveG who wrote (123)12/19/1997 7:58:00 AM
From: JZGalt  Read Replies (2) of 399
 
> This is H&Q's Rachel Leheny's #1 pick. A price target of mid to
> upper 20's going into conference has been suggested.

Steve,

I'm not sure it is her current #1 this year. She wrote on 9/23/97 where she upped ABSC to a Strong Buy when they inked the deal with WLA. Yesterday's deal with MRK should have solidified her position. The original report issued 7/14/97 indicated a price target of $20 a share 12 months out. Not sure if the target changed since then as I don't have access to H&Q reports.

My guess is that ABSC will react favorably in January.

I'm not down on ARQL, but I own more of ABSC.

----
Dave
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