Protein Design Labs kept by Merrill at buy

Protein Design Labs Inc. was maintained by Merrill Lynch analyst Thomas McGahren at a buy rating with a price target on the stock of $33 per share following news that the company's chief financial officer had resigned. Protein Design Labs shares Friday were down $0.44, or 1.53%, at $28.39 on volume of 2,246,538 shares versus the three-month running average of 1,755,080 shares.

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