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Protein Design estimates raised by JMP Securities
Protein Design Labs Inc. was reiterated by JMP Securities analyst Charles Duncan at a market outperform rating with a price target on the stock of $31 per share following second-quarter results. JMP, however, raised its EPS estimate for 2005 to 17 cents per share from break-even. Protein Design Labs shares Friday gained $1.315, or 5.08%, to close at $27.225 on volume of 7,318,352 shares versus the three-month running average of 1,610,830 shares.
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