Schering AG boosted to outperform by Bear Stearns

Bear Stearns analyst Marietta Miemietz upgraded Schering AG to outperform from peer perform with a price target of €68. The analyst expects to see consensus earnings upgrades as management has guided for a 20% operating margin in 2008, in line with Bear Stearns' forecast and 16% ahead of consensus on earnings per share. Bear Stearns also expects possible strong Betaseron sales in the first quarter of 2006, with a possible Asoprisnil filing. Shares of the Berlin, Germany, pharmaceutical company were up 5 cents, or 0.07%, at $69.57 on volume of 44,900 shares versus the three-month running average of 31,248 shares. (NYSE: SHR)

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