UBS Cuts Estimates/Price Target on Merrill Lynch (MER)
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UBS lowered estimates on Merrill Lynch (NYSE: MER) today. The firm sees a Q2 loss of ($2.20) per share, versus its prior estimate of a $0.55 Q2 profit. The firm sees a 2008 loss of ($2.55) per share. The firm lowered their price target on Merrill from $47 to $35.
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