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June 15, 2000 | Reuters, Times Staff
Major drug stocks rallied again on Wednesday, led by Schering-Plough after brokerage Morgan Stanley Dean Witter analyst raised its rating on the stock to "strong buy" from "neutral." Schering (ticker symbol: SGP) jumped $3 to $48.50 after Morgan Stanley said it had "increased confidence" in the company's long-term outlook. Other gainers Wednesday included Eli Lilly (LLY), up $2.06 to $82.81; Johnson & Johnson (JNJ), up $1.75 to $89.75; and Pharmacia (PHA), up $1.25 to $54.38.
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BUSINESS
June 15, 2000 | Reuters, Times Staff
Major drug stocks rallied again on Wednesday, led by Schering-Plough after brokerage Morgan Stanley Dean Witter analyst raised its rating on the stock to "strong buy" from "neutral." Schering (ticker symbol: SGP) jumped $3 to $48.50 after Morgan Stanley said it had "increased confidence" in the company's long-term outlook. Other gainers Wednesday included Eli Lilly (LLY), up $2.06 to $82.81; Johnson & Johnson (JNJ), up $1.75 to $89.75; and Pharmacia (PHA), up $1.25 to $54.38.
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