Decode Shares Up 10 Percent as Bank Upgrades Stock

Mar 08, 2007

NEW YORK (GenomeWeb News) — Shares in Decode Genetics were up 10 percent, or $.35, at $3.87 after the stock was upgraded by an investment bank

Lehman Brothers upgraded the stock to "equal-weight" from "underweight."

Decode yesterday reported that fourth-quarter revenues increased 17 percent as R&D spending rose 4 percent and lossed increased 10 percent.

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