DJ MARKET TALK: Mkt Ignores Sanofi's Good News - D Kleinwort
MF-Dow Jones - 28/11/2006 12:43:57
1144 GMT [Dow Jones] Investors are ignoring good news at Sanofi-Aventis (SANF.MI) (SAN.PAR) (SANA.AS) (SNW.FRA) and the stock is looking "very cheap", says Dresdner Kleinwort, after a meeting with management. Says the company has unnoticed short and long-term value, as fears over Acomplia and Plavix are overdone, and 10 new drug filings by '08 are being overlooked. Says the issue over Plavix generic may now be settled by Feb '07, or 3-6 months earlier-than-expected. Reiterates its buy recommendation, EUR89 target price. Shares trade +0.1% at EUR65.30. (DGP)