Zacks Analyst Blog Highlights: AtheroGenics, AstraZeneca, Campbell Soup and SAP.CHICAGO -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: AtheroGenics, Inc. (Nasdaq: AGIX AGIX AtheroGenics, Inc (stock symbol) ), AstraZeneca (NYSE NYSE
See: New York Stock Exchange : AZN AZN Asian ), Campbell Soup Company Campbell Soup Company (NYSE: CPB) (also known as Campbell's) is a well-known American producer of canned soups and related products. Campbell's products are sold in 120 countries around the world. It is headquartered in Camden, New Jersey. (NYSE: CPB CPB
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Here are highlights from Wednesday's Analyst Blog:
AtheroGenics Downgraded to Sell
AtheroGenics, Inc. (Nasdaq: AGIX) announced on March 19, 2007 that the ARISE phase III Noun 1. phase III - a large clinical trial of a treatment or drug that in phase I and phase II has been shown to be efficacious with tolerable side effects; after successful conclusion of these clinical trials it will receive formal approval from the FDA clinical study of AGI-1067 did not show a difference from placebo in its composite primary endpoint of time to first incidence of a composite of major adverse cardiovascular events (MACE). We expect development partner AstraZeneca (NYSE: AZN) to walk away from the collaboration within the next 45 days.
AtheroGenics could discontinue development of the candidate given the failed trial and potential safety concerns (liver function) that have materialized. Therefore, we see $2 as fair value.
Costs Keep Campbell's a Hold
Campbell Soup Company's (NYSE: CPB) Transformation and Driving Quality Growth Plans are improving the top-line through a combination of improved products, attractive packaging, a new retail shelving system and more effective marketing. Price increases in fiscal 2006 helped Campbell accomplish management's financial goals.
However, fiscal 2007 will see increased spending on marketing and the implementation of SAP (NYSE: SAP) in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , along with continued inflationary pressure from higher commodity costs. Hence, the Hold rating is maintained.
See the latest posts to the Analyst Blog by visiting http://at.zacks.com/?id=2645
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