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Goldman Sachs Lowers Price Target On Genzyme (GENZ); Maintains Sell

June 26, 2009 8:19 AM EDT
GENZ Hot Sheet
Rating Summary:
    1 Buy, 7 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 25 | Down: 12 | New: 36
Goldman Sachs transfers coverage on Genzyme Corp. (Nasdaq: GENZ), maintaining a Sell rating and lowered their price target from $63 to $60. The new analyst cited no back-up manufacturing for Cerezyme and Fabrazyme, Lumizyme approval could further strain capacity, possible change in reimbursement from a health care reform bill.

For more analyst ratings on GENZ click here.

Genzyme Corporation operates as a biotechnology company worldwide.

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