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Myriad Genetics, Inc. (MYGN) [hlAlert]

Rating:
Buy MYGN
up 19.95 %

Myriad Genetics, Inc. (MYGN) upgraded to Buy with price target $23 by Auriga U.S.A

Posted on: Thursday,  May 13, 2010  9:25 AM ET by Auriga U.S.A

Auriga U.S.A rated Buy Myriad Genetics, Inc. (NASDAQ: MYGN) on 05/13/2010. Previously Auriga U.S.A rated Sell Myriad Genetics, Inc. (NASDAQ: MYGN) on
03/05/2010., when the stock price was $22.90. Since then, Myriad Genetics, Inc. has lost 16.64% as of 05/13/2010's recent price of $19.09.
If you would have followed the previous Auriga U.S.A's recommendation on MYGN, you would have gained 19.95% of your investment in 69 days.

Myriad Genetics, Inc. uses gene-based medicine to develop therapeutic and molecular diagnostic products. They employ a variety of proprietary proteomic technologies to discover disease genes and to understand the role these genes and their related proteins play in the onset and progression of disease. They have integrated these technologies using bioinformatics and robotics systems to conduct their research efforts on a high-throughput basis. This has enabled them to identify numerous proteins as targets for new drugs and molecular diagnostic tests.

Auriga is committed to providing our clients with market information flow, investment ideas and access to industry experts. We strive to provide value through unique industry knowledge. Our growing research practice is being built with domain experts who have a strong reputation amongst institutional investors. Auriga’s research analysts have also been recognized by numerous industry publications including, The Wall Street Journal and Bloomberg. Our bottom-up fundamental approach is data point driven with a primary focus on growth sectors within the technology and healthcare verticals.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/4/2011 8:25 AM Buy
None
23.63 27.00
as of 12/31/2010
1 Week down  -9.82 %
1 Month down  -3.25 %
3 Months up  26.93 %
1 YTD up  7.12 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/17/2010 8:25 AM Buy
None
23.02 27.00
5/13/2010 9:25 AM Buy
None
19.09 23.00
3/5/2010 8:25 AM Sell
None
22.90 19.00

(*) Stock Price at the time of the recommendation.
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