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Genzyme reiterated by Jefferies at buy
Genzyme Corp. was reiterated by Jefferies & Co. analyst Adam Walsh at a buy rating with a price target on the stock of $83 per share following positive interim phase II results announced by the company and partner Schering comparing Campath and Rebif for the treatment of multiple sclerosis. Genzyme shares Friday were up $1.17, or 1.63%, at $72.83 on volume of 3,273,398 shares versus the three-month running average of 2,714,700 shares.
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