CHIRON SECOND QUARTER EARNING EMERGENCE LEADS TO 10-3/4 GAIN IN AUGUST
Executive Summary
Chiron's profitable second quarter is swinging the weight of market opinion in its favor: surprisingly strong second quarter results contributed to a 10-3/4 point (13.6%) gain in August to carry the stock to 89-3/4. Cowen & Co., Salomon Brothers and Brown Brothers all upped their rating of the stock during August; according to Zacks Investment Research, 14 of 21 analysts rated Chiron a "strong buy" or "buy.