Welcome | Sign In
ECommerceTimes.com
News

Stock Watch: Lehman Coverage Sends Drugstore.com Higher

Print Version
E-Mail Article
Reprints
Stock Watch: Lehman Coverage Sends Drugstore.com Higher


How Much is 'Free' Costing You?
Learn how DaveRamsey.com saw a 567% uplift in ROI with Omniture. This complimentary guide and webinar cover the most important factors in selecting an analytics solution. Download Now.

Drugstore.com gained 1 1/16 to 9 11/16 Friday after Lehman Brothers began coverage of the stock with an outperform rating.

Amazon.com holds a stake of about 24 percent in Drugstore.com, which also has alliances with Rite Aid Corp. and General Nutrition Centers. The Bellevue, Washington-based online pharmacy reported higher sales and a narrower loss for the first quarter ended April 2nd.

Lehman analyst Holly Becker's rating carries a price target of $12 to $14 a share, wire reports said.


Print Version E-Mail Article Reprints More by Nora Macaluso


See Related Stories About CDNow
CDNow Q1 Loss Narrows (05/03/00)
CDNow Battles Back (03/30/00)
What's Next for CDNow? (03/15/00)
Report: CDNow Tops Amazon in Home-Based Buyers (03/14/00)
CDNow and Columbia House Scuttle Merger (03/13/00)
Columbia House Swallows Up CDNow (07/13/99)
See Related Stories About Verio
Lycos Deal Boosts Verio (02/03/00)
Newsmaker: Justin Jaschke, Chief Executive Officer, Verio (12/22/99)
AOL Europe and Verio Extend E-Com Provider Agreement (08/24/99)
See Related Stories About Netcentives
AOL Acquires Stake in Netcentives (01/31/00)
Stock Watch: Netcentives Makes Strong Jump (12/22/99)
Stock Watch: iGo, Netcentives Climb On First Day (10/15/99)
High-Flyer Netcentives Signs Agreement With TWA (05/11/99)
See Related Stories About Drugstore.com
Drugstore.com Perseveres Despite Losses (04/26/00)
Exclusive Interview: Drugstore.com (02/04/00)
Amazon To Receive $187.5M From Promotional Partners (01/24/00)
Amazon.com Grabs Big Chunk of Drugstore.Com (02/25/99)

More by Nora Macaluso

One Year Ago: Should E-tailers Drop Nasdaq Before Nasdaq Drops Them?
January 30, 2002
Once a company is kicked off the Nasdaq, its stock is listed on the over-the-counter 'pink sheets' for thinly traded issues.
Study: Europeans Ignore Potential of TV-Based Commerce
January 18, 2002
Interactive TV also provides retailers with the opportunity to draw attention to themselves using interactive ads, Gartner said.
The Amazon Earnings Speculation Story
January 21, 2002
For Amazon to break out of the box created by the competing objectives of boosting sales and controlling costs, a pro-forma profit in the fourth quarter will be critical, a Goldman Sachs analyst wrote.
Don't miss a story -- sign up for our FREE e-mail newsletters and view the latest headlines at a glance.
Tech News Flash [ View Sample ]
E-Commerce Minute [ View Sample ]
ECT News Network Weekly Newsletter [ View Sample ]
Shortcuts
ECT News Network Information
Reader Services
Corporate
ECT News Network