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Biotech / Medical : Pharma News Only (pfe,mrk,wla, sgp, ahp, bmy, lly) -- Ignore unavailable to you. Want to Upgrade?


To: Anthony Wong who wrote (161)6/2/1998 1:59:00 PM
From: Anthony Wong  Respond to of 1722
 
RESEARCH ALERT - American Home upgraded
Tuesday June 2, 11:10 am Eastern Time

NEW YORK, June 2 (Reuters) - Gruntal said Tuesday it raised its rating on American Home Products Corp. to strong buy from buy and upped its target price to $64.

-- Analyst David Saks said believes AHP's proposed merger with Monsanto Co. (MTC - news) should provide accelerating growth of 20-25 percent after 1999.

-- said merger will be accretive to AHP growth and create a stronger and broader-based global drug and biotech powerhouse.