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Biotech / Medical : Ligand (LGND) Breakout! -- Ignore unavailable to you. Want to Upgrade?


To: celeryroot.com who wrote (14474)2/9/1998 8:57:00 AM
From: Henry Niman  Read Replies (1) | Respond to of 32384
 
Goldman Sachs took Novartis (NVTSY) off its Global Prioity list and said the merger of GLX/SBH will cause R&D spending to expand. CNBC just ran a short story on the downgrade (to market perform?).



To: celeryroot.com who wrote (14474)2/9/1998 11:02:00 AM
From: Henry Niman  Respond to of 32384
 
Here's a brief Reuter's report on the Novartis downgrade:

RESEARCH ALERT - Novartis downgraded

Reuters Story - February 09, 1998 09:37

%DRU %CH %US %RCH %HOT NOVZn.S V%REUTER P%RTR

NEW YORK, Feb 9 (Reuters) - Goldman Sachs said on Monday it
removed shares of Novartis AG from the firm's global list and
European recommended list and now rates the stock a market
perform.
-- Further details not immediately available.
-- Stock off 60 Swiss francs at 2527.