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Biotech / Medical : Analysts and calls -- A.G. Edwards -- Ignore unavailable to you. Want to Upgrade?


To: scaram(o)uche who wrote (1)10/14/2002 4:52:38 PM
From: JFitnich  Read Replies (1) | Respond to of 6
 
As of 9-20-02 :

3 tier rating system - Buy, Hold, Sell
With a Risk Suitability component - Conservative, Aggressive, Speculative

The calls:

AMGN - Buy / Speculative
BGEN -- Buy / Speculative
CHIR - Buy / Speculative
DNA - Buy / Speculative

ABGX - Buy / Speculative
CATG - Buy / Speculative
CRGN - Hold / Speculative
HGSI - Buy / Speculative ("favorite genomics firm")
INCY - Hold / Speculative ("firm in transition" & "may be too little too late to shift business model back to drug making" as customers have had years to cull the database)
MLNM - Hold / Speculative (risk of dilutive deal to reach '04 profit guidance)

They strongly suggest buying gene therapy companies as part of a "basket"

AVGN - Buy / Speculative
GNVC - Buy / Speculative
ONXX - Buy / Speculative
TGEN - N/A Info only (??) ("serious danger of running out of money")
VCAL - Hold / Speculative

They have price objectives (9-20-02)of :
$10 - GNVC, ONXX
$12 - ABGX & CATG,
$13 - AVGN
$22 - HGSI
$35 - DNA
$40 - BGEN, CHIR
$50 - AMGN

They've had a major HGSI "jones" for awhile now. They don't really hit on the science as much as they do the fundamentals. They are good at seeing the big picture and fundamental analysis IMO.
JF