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Biotech / Medical : MGI Pharma MOGN New patents, anti cancer -- Ignore unavailable to you. Want to Upgrade?


To: Icebrg who wrote (1594)9/28/2005 2:46:48 PM
From: Icebrg  Read Replies (1) | Respond to of 1826
 
MGI Pharma downgraded to "market perform" - update

Wednesday, September 28, 2005 12:40:24 PM ET
Piper Jaffray

NEW YORK, September 28 (newratings.com) - Analysts at Piper Jaffray downgrade MGI Pharma Inc (MOGN.NAS) from "outperform" to "market perform," while reducing their estimates for the company. The target price has been reduced from $30 to $25.

In a research note published this morning, the analysts mention that the FY05 sales estimate for Aloxi has been reduced from $260 million to $250 million. The analysts expect Dacogen to receive the FDA approval in 2Q06. The EPS estimates for 2005 and 2006 have been reduced from $0.27 to $0.20 and from $0.59 to $0.40, respectively.



To: Icebrg who wrote (1594)10/5/2005 7:05:01 AM
From: Icebrg  Read Replies (2) | Respond to of 1826
 
MGI Pharma "outperform," target price reduced

Wednesday, October 05, 2005 6:01:21 AM ET
Robert W. Baird

NEW YORK, October 5 (newratings.com) - Analysts at Robert W Baird maintain their "outperform" rating on MGI Pharma Inc (MOGN.NAS), while reducing their estimates for the company. The target price has been reduced from $35 to $30.

In a research note published this morning, the analysts mention that the downward revision in the estimates is to reflect the company's updated guidance, following the closing of the Guilford acquisition and higher share count. The healthy sales of MGI Pharma's Aloxi drug and the expected launch of Dacogen in early-2006 would drive the company's stock performance going forward, Robert W Baird adds. The EPS estimates for 2005 and 2006 have been reduced from $0.46 to $0.35 and from $0.85 to $0.62, respectively.