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Biotech / Medical : Pharma News Only (pfe,mrk,wla, sgp, ahp, bmy, lly)

PFE 25.88

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Jan 15 3:59 PM EST

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To: Anthony Wong who wrote (1210)	12/8/1998 2:14:00 PM
From: Anthony Wong	Read Replies (1) of 1722

RESEARCH ALERT-Lehman raises Sepracor targets Tuesday December 8, 10:27 am Eastern Time NEW YORK, Dec 8 (Reuters) - Lehman Brothers analyst Rich Silver on Tuesday said he raised his price target for shares of Sepracor Corp. (Nasdaq:SEPR - news) to $112 from $75 -- shares up 7/8 to 85-3/4. -- ''They have had a series of deals this year and news flow that validates what this company does,'' said analyst Rich Silver in a brief telephone interview. -- On Monday, the Marlborough, Mass. company won a deal to develop a molecularly altered version of Prozac, Eli Lilly & Co. Inc.'s (NYSE:LLY - news) blockbuster antidepressant. -- Silver said the contract means less risk for Sepracor overall, plus it should add to its revenues. -- ''They also have a number of milestones coming up in 1999 to support the run-up in the stock,'' he said. -- Silver said the stock might see a near-term pause. ''The stock has moved up so much it may need to rest a bit,'' he said.

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