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To: Lucretius who wrote (253487)8/1/2003 7:30:47 AM
From: MythMan  Read Replies (1) | Respond to of 436258
 
whats tip saying?



To: Lucretius who wrote (253487)8/1/2003 8:00:36 AM
From: UnBelievable  Respond to of 436258
 
Merrill Lynch Downgrades Johnson & Johnson (JNJ)

To neutral from buy, saying a number of issues will likely keep a lid on the stock's multiple. "Foremost, JNJ s reign as 'King of the Hill' in stents may be short-lived since the animosity created by the 'botched' launch of the Cypher stent has interventional cardiologists salivating in anticipation of a next entrant." Boston Sci (BSX) releases key U.S. results September 15, while already threatening JNJ's lead in Europe. JNJ's pharma franchise is also facing several challenges that will trim sales growth. Shares closed Thursday at $51.79