OpManager: A single console to manage your complete IT infrastructure. Click here for a 30-day free trial.
Welcome Guest | Sign In
ECommerceTimes.com
How

Stock Watch: Lehman Coverage Sends Drugstore.com Higher

Stock Watch: Lehman Coverage Sends Drugstore.com Higher

By Nora Macaluso
May 8, 2000 12:00 AM PT

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.


Facebook Twitter LinkedIn Google+ RSS
Is Microsoft starting to get cool again?
Yes - thanks to Satya Nadella's vision.
Yes - but only in certain areas, like AI and VR.
Maybe - it doesn't seem as stodgy as before.
No - it never was.