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Biotech / Medical : Guidant (GDT)

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To: JR Medlar, 2nd who wrote (107)	4/16/1998 1:42:00 PM
From: Jurgen	Read Replies (1) of 235

RESEARCH ALERT - Lehman ups Guidant EPS NEW YORK, April 16 (Reuters) - Lehman Brothers said on Thursday it raised its 1998 and 1999 earnings estimates on shares of Guidant Corp after the company reported better-than-expected first quarter results. -- Analyst Amelia McDonald raised 1998 estimate to $2.20 per share from $2.09 per share and 1999 estimate to $2.52 per share from $2.47 per share. -- Cost structure was better than expected and higher gross margins and lower selling, general and administrative costs should be largely sustainable, McDonald said.

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