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Biotech / Medical : Agouron Pharmaceuticals (AGPH)

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To: Zirdu who wrote (5712)11/27/1998 10:39:00 AM
From: Jan P  Read Replies (1) of 6136
 
Hello,

I have been long on AGPH and lurking on this thread for about a year and wanted to share this upgrade:

November 27, 1998 09:32 AM
NEW YORK, Nov 27 (Reuters) - Morgan Stanley analyst Doug Lind told clients the market environment is favoring product-oriented mid-cap biotechnology stocks and longer-term stories are still out of favor.

-- As a result, he updated his outlook for several biotechnology companies on Friday.

-- raised his price target for Agouron Pharmaceuticals Inc. AGPH to $54 from $45. Shares off 1/2 to 42-5/8.

-- cut his price target for Axys Pharmaceuticals Inc. AXPH to $10 from $13. Shares off 1/2 to 42-5/8.

-- cut his price target on Nanogen Inc. NGEN to $11 from $16. Shares up 3/8 to 5-3/4.


Jan
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