PFE (Pfizer) How high will it go? Message Board

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Biotech / Medical : PFE (Pfizer) How high will it go?

PFE 25.08

-2.7%

Nov 14 9:30 AM EST

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To: BigKNY3 who wrote (6991)	2/11/1999 4:47:00 PM
From: Anthony Wong	Read Replies (1) of 9523

RESEARCH ALERT- Pfizer price target raised Thursday February 11, 3:52 pm Eastern Time CHICAGO, Feb 11 (Reuters) - Gruntal and Co. on Thursday reiterated pharmaceutical company Pfizer Inc. a strong buy and raised its one-year price target to $168 from $140, citing the success of Pfizer's launch of the arthritis drug Celebrex. --The launch of Celebrex had an extremely high 82,600 prescriptions recorded in its third week on the market, making it the second most successful new drug launch in history behind Pfizer's Viagra, Gruntal said in a research note. --Also, Pfizer's fourth quarter performance was outstanding from existing products without the benefit of the Celebrex launch in January, Gruntal said. --The Celebrex launch and these trends should provide Pfizer with the strongest momentum of any drug company into 1999, Gruntal said. --Shares of Pfizer were up 5-1/4 at 132 in afternoon trade. biz.yahoo.com

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