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

To: Anthony Wong who wrote (6375)	11/27/1998 9:42:00 PM
From: BigKNY3	Read Replies (2) \| Respond to of 9523

Peabody PFE Analyst Update: 11/27/98 A new and improved format for The PPAU. Some general observations about analysts: 1. The vast majority of analysts are overly optimistic. When was the last time you saw a broker issue a "Sell" rating? 2. A "Hold", "Neutral" or "Market Perform" rating usually means there are much better stocks" available. The implied meaning of a hold rating is "don't buy this stock" or "sell if you are a shareholder". 3. A "Hold" rating from an analyst with investment banking tie is a very negative sign. 4. Similar to investors, analysts will generally support their previous positions regardless of the facts or market conditions. 5. Analysts will raise or lower their target prices without changing their ratings for a company. 6. Analysts who have investment banking links to a company are almost always biased to the upside. Recommended reading for more information on interpreting analysts' reports: "Guerrilla Investing" by Peter Siris. shop.barnesandnoble.com Current analyst ratings, target PFE prices, the PFE price on the report date and the % change in PFE since the report date are listed below for 26 analysts. Note the following: 1.Since the 9/4/98 PFE downgrade by Morgan Stanley (99.81), PFE has increased 14.5%. 2. Since the 10/14/98 PFE upgrades by Paine Webber and Deutsche Bank (87.50), PFE has increased 30.6%. 3. The current average target PFE price is: $130. Have PFun! BigKNY3 ______________________________________________________ .... Report...Broker......PFE................Target..... PFE on.........% Chg .....Date.....................Rating............. Price....Report Date...Since Report 1....11/9/98..Gruntal......Strong Buy......$140.........$109.50.........4.3% 2....7/20/98..SG Cowen..Strong Buy.....$138 ........$115.63.........-1.2% 3......9/1/98.Aros Securities.Strong Buy..$120.......$92.00 ..........24.2% 4....10/14/98..Merrill Lynch....Buy (1-1)... $132......$87.50...........30.6% 5.....11/4/98..S.Smith Barney...Buy........$140.......$106.00...........7.8% 6....10/26/98..J.P. Morgan .......Buy.....Unknown...$103.63..........10.2% 7....10/14/98..Warburg Dillon.....Buy.......$120........$87.50...........30.6% 8....10/22/98...NationsBanc ......Buy......Unknown...$98.00..........16.6% 9....10/14/98...Gerard Klauer...... Buy......$120........$87.50...........30.6% 10...10/14/98..Paine Webber......Buy .....Unknown...$87.50...........30.6% 11...10/15/98...AG Edwards.......Buy ......Unknown...$96.38..........18.5% 12...11/9/98 ....Bear Stearns......Attractive.Unknown.$109.50...........4.3% 13....10/8/98...S & P MKT Scope..Buy....Unknown....$89.63...........27.5% 14.....9/4/98.....ABN-Amro............Buy....Unknown.....$99.81.........14.5% 15 10/14/98....Argus Research....Buy.....Unknown....$87.50..........30.6% 16...10/14/98...Dresdner Kleinwort.Buy....$125...........$87.50..........30.6% 17....11/25/98...Schroder..............Buy....$130..........$114.25...........0.0% 18...10/14/98....Deutsche Bank....Buy.....$130...........$87.50...........30.6% 19....11/9/98....Everen.................Buy......$133.........$109.50...........4.3% 20...10/14/98....CIBC/Oppenheimer..Hold .Unknown.....$87.50...........30.6% 21....11/9/98.....Southeast Research..Hold..Unknown..$109.50...........4.3% 22....10/14/98....ING Baring Furman...Hold..Unknown...$87.50 ..........30.6% 23....11/9/98..... CS First Boston........Hold..Unknown..$109.50............4.3% 24....10/14/98....BT/Alex Brown..Market Perform.Unk....$87.50...........30.6% 25.......9/4/98...Morgan Stanley... ...Neutral.. Unknown..$99.81...........14.5% 26.....10/14/98...Brown Brothers.....Neutral ...Unknown..$87.50............30.6% 27......7/17/98....Lehman...............Neutral.... Unknown.$117.20...........-2.5% ..........................................................Average Target:$130 Click here for a summary of their current analyst PFE ratings. quicken.excite.com