Millennium Pharmaceuticals, Inc. (MLNM) Message Board

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Biotech / Medical : Millennium Pharmaceuticals, Inc. (MLNM)

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To: Richard Haugland who wrote (205)	5/10/1998 12:03:00 PM
From: Richard Haugland	Read Replies (1) of 3044

MLNM downgrades. Analysts now show 6 "strong buy" and 2 "buy" versus a perfect "strong buy" rating two months ago. biz.yahoo.com Some upward revision of earnings estimates for the current quarter (less loss) and downward for the subsequent quarter. Seems more like a response to the stock's price drop than a prediction of reality. MLNM handily beat the analysts' number last quarter. I also noted that Sangstat, which also used to have a perfect "strong buy" recommendation in Zacks now has some (or one) simple "buy" recommendation. I had hoped that the Entremed enthusiasm of this past week would invigorate development-stage pharma companies but I have not seen much positive effect.

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