Welcome Guest | Sign In
ECommerceTimes.com

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.

Stock Watch: Lehman Coverage Sends Drugstore.com Higher

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
Genesys Forrester Wave
What's your reaction to the new Nintendo Switch gaming console?
I'm excited -- can't wait to get my hands on one.
I'm mildly interested and probably will try it out.
It looks cool for the younger set but not serious gamers.
Nintendo has lost its way -- the Switch will flop.
No interest -- I'm a PlayStation fan.
No interest -- I'm an Xbox fan.
I only play games on my tablet or phone.