Decode's Shares Up 6 Percent on Bank Upgrade

Mar 12, 2007

NEW YORK (GenomeWeb News) — Shares in Decode Genetics were up 5.7 percent, or $.22, at $4.09 after the stock was upgraded by an investment bank today.

Piper Jaffray upgraded the stock to “outperform” from “market perform.”

Decode posted a 17-percent spike in fourth-quarter revenues last week, as R&D spending rose 4 percent and loss increased 10 percent.

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