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Biotech / Medical : PFE (Pfizer) How high will it go?
PFE 25.07-0.1%Nov 17 3:59 PM EST

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To: zurdo who wrote (3765)6/29/1998 12:07:00 PM
From: Mick Mørmøny  Read Replies (2) of 9523
 
This is the script that Maria and CNBC are reading to sink PFE. But at the end of the day, I believe PFE won't incur a big loss.

Monday June 29, 10:40 am Eastern Time

RESEARCH ALERT - Pfizer switched for Warner

NEW YORK, June 29 (Reuters) - Donaldson, Lufkin & Jenrette said Monday that analyst Kent Blair recommended switching from Pfizer Inc. (PFE - news) to Warner-Lambert Co. (WLA - news).

-- Blair raised Pfizer 1998 earnings estimate to $2.50 from $2.40, but believes stock is ''very vulnerable'' because selling at 53 times estimated '98 EPS.

-- Says recommends that ''investors switch into WLA, where we have a much higher confidence that investors' expectations will be met.''
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