Serono retained at buy by Merrill

Serono SA was retained by Merrill Lynch analyst Erica Whittaker at a buy. Merrill increased its 2006 earnings-per-share estimate by 9% to $45.5 from $41.9 based on better-than-expected first-quarter results. Shares of the Geneva, Switzerland, biotechnology company were up 45 cents, or 2.76%, at $16.77 on volume of 514,600 shares versus the three-month running average of 200,532 shares. (NYSE: SRA)

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