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


To: zurdo who wrote (4240)7/11/1998 10:24:00 AM
From: BigKNY3  Respond to of 9523
 
Big Pharma Report: 7/11/98

-Big Pharma increased 1.8% this week as compared to the Dow gain of 0.9% and NASDAQ jump of 2.6%.

-Spurred by a strong earnings report and record breaking Viagra sales ($411M in a quarter), PFE (117.81) led Big Pharma this week with a 9.6% jump.

-AHP (-4.6%) was the Big Pharma bow-wow of the week.

- YTD, Big Pharma is still very healthy (+30.5%) doubling the Dow (+15.1%).

-In the YTD race, the Big Three held their positions with #1 WLA (+79.5%) followed by SGP (+58.4%) and PFE (+58%).

-LLY's growth (-5.7%) is still hasta Evista and remains this year's bow-wow. J & J, a Motley Fool DRIP preference over PFE, is ranked #12 at 9.1%.

Having PFun!

BigKNY3

_________________________________________________________
Big Pharma Report- 7/11/98

Analyst Reports You Can Use

Thanks to Anthony Wong of the SI PFer Board for the following analysis.

Summary of analyst ratings issued on 7/10/98. Note:
1) Target price - for 12 months, per share basis.
2) All are reiterations of old ratings, no upgrades or downgrrades.:

-''buy'' by analyst Christina Heuer at Salomon Smith Barney, target price $155.00

-''strong buy'' by analyst David F. Saks at Gruntal & Co., target price $148.00
"Viagra sales will approach $1 billion this year and possibly $8 billion at peak (2005)....PFE just blew us out of the water."

-''buy'' by analyst Cynthia A. Beach at Gerard Klauer Mattison, target price $140.00

-''buy'' by analyst Jerome R. Brimeyer at Warburg Dillon Read Inc target price $135.00

'-'buy'' by analyst Leonard S. Yaffe Md at NationsBanc Montgomery Sec., target price $132.00

-''buy'' by analyst Carl J. Seiden at J.P. Morgan Securities, target price $131.00
"PFE is best in industry".

-near-term and long-term ''buy'' by analyst Steven C. Tighe at Merrill Lynch, no target price provided

-''buy'' by analyst Kenneth R. Nover at A.G. Edwards, no target price provided

-''attractive'' by analyst Jeffrey Chaffkin at PaineWebber Inc. target price $130.00

-''outperform'' by analyst Jami Rubin at Schroder & Co. , target price $130.00

-''outperform'' by analyst Paul A. Brooke at Morgan Stanley Dean Witter., target price $120.00

Source: BigKNY3 and Andrew Bary, Barrons 7/03/98: Summary of PFE recommendation issued 7/7/98

-"Hold lowered from Buy"- James Flynn, Furman Selz (PFE@111)-No target price provided.
"Consider our present peak Viagra estimate of $2 billion (2002) to be potentially high".