Telik reiterated by Stanford Group at buy

Telik Inc. was reiterated by Stanford Group Co. analysts Dallas Webb and Aaron Reames at a buy rating with a price target on the stock of $31 per share following second-quarter results. Telik shares Friday were down $0.36, or 2.23%, at $15.80 on volume of 794,487 shares versus the three-month running average of 969,137 shares.

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