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AstraZeneca cut by Bear Stearns to peer perform
AstraZeneca plc was downgraded by Bear Stearns analyst Alexandra Hauber to peer perform from outperform, noting the stock is approaching the firm's year-end 2005 price target of £27.30. Thus, Bear Stearns now sees no near-term catalysts to drive the stock further. In London, AstraZeneca shares Thursday were down 9p, or 0.34%, at 2,630p on volume of 9,102,164 shares versus the three-month running average of 6,562,540 shares.
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