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Biotech / Medical : Biogen -- Ignore unavailable to you. Want to Upgrade?


To: William Partmann who wrote (1198)1/14/2000 9:18:00 AM
From: William Partmann  Read Replies (1) | Respond to of 1686
 
RESEARCH ALERT - Biogen raised to buy
CHICAGO, Jan 14 (Reuters) - ABN AMRO said Friday it had raised its rating on drug company Biogen Inc. to buy from outperform.

-- raised its 2000 earnings estimate by 23 cents to $1.90 a share, compared with $1.46 a share in 1999. The 2001 estimate is $2.35 a share, ABN AMRO said.

-- set its new price target at $99.

-- said sales of the company's multiple sclerosis drug Avonex continue to benefit from market expansion and earlier use in patients.

-- Biogen closed at 77-5/16 Thursd