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


To: Druggist who wrote (263)3/20/1998 10:55:00 AM
From: David Lawrence  Respond to of 384
 
NEW YORK, March 20 (Reuters) - Lehman Brothers said analyst
Richard Silver upgraded generic drug maker Mylan Laboratories
Inc. to outperform from neutral on a trading basis.
-- said in report that during the last two months, Mylan
has "substantially increased prices on selected older generic
products."
-- said Wall Street has "yet to fully appreciate the
sizable financial impact" of the move.
-- raised fiscal 1999 earnings per share estimate to $1.06
from $0.92.
-- stock was up 11/16 to 23.