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Biotech / Medical : IDPH--Positive preliminary results for pivotal trial of ID
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To: Kenneth E. De Paul who wrote (474)3/12/1997 12:04:00 AM
From: Don Cheng   of 1762
 
First Boston has a target price of $43 in 12 months. The valuation they based on is to apply a 40-times P/E multiple to 2000 EPS estimate of $2.65 and discounting it at 35% for three years yields a 1997 target price of $43 a share.
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