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Biotech / Medical : PFE (Pfizer) How high will it go? -- Ignore unavailable to you. Want to Upgrade?


To: Home-Run who wrote (1910)5/1/1998 1:25:00 PM
From: B.REVERE  Read Replies (2) | Respond to of 9523
 
[SMITH-barney upgrade]--
Viagra sales seen zooming despite insurer curbs

05/01 12:53 SALOMON SMITH BARNEY SAYS RAISES PFIZER <PFE.N> TARGET
PRICE,
1999 EPS VIEW

NEW YORK, May 1 (Reuters) - Salomon Smith Barney said it raised its 1999 earnings estimate and its target price for
Pfizer Inc. in the wake of the success of the company's new Viagra impotence drug.

-- "Viagra is not just a drug, it's a phenomenon," Salomon Smith Barney said in a research note.

-- The price target was raised to $155 (previous target not provided).

-- The 1999 earnings estimate went to $2.70 per share from $2.50, "but it could be as high as $3.00