Friday September 18, 03:54 PM
STOCKS NEWS US-Deutsche Bank downgrades Genzyme to "hold"
Stocks on the move
Real (Frankfurt: BJU.F - news) -time Equity news
U.S. stock market report
1034 ET 18Sept2009-Deutsche
Bank (Xetra: 514000 - news) downgrades Genzyme (NASDAQ: GENZ - news) to 'hold'
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Deutsche Bank downgraded Genzyme Corp to 'hold'
from 'buy', saying with the company's stock now in the
high-$50s, the potential downside probably outweighs an
upside.
In a note to clients dated Sept. 17, analysts Mark
Schoenebaum and Robyn Karnauskas said there is a 60 percent
probability that Genzyme successfully resolves its
manufacturing issues by late November (Frankfurt: A0Z24E - news) or early December,
in-line with the company's guidance.
For details, see
Shares fell 1.2 percent to $57.57.
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