Elan "add"

07/27/06 - Goodbody Stockbrokers

NEW YORK, July 27 (newratings.com) - Analyst Ian Hunter of Goodbody Stockbrokers maintains his "add" rating on Elan Corp Plc (ELN).

In a research note published this morning, the analyst mentions that the company is likely to report its 2Q06 fully diluted EPS, scheduled to be reported on August 1, at -$0.22, representing a 38.8% decline. Maxipime is expected to have been the single largest contributor to Elan’s revenues in the quarter, the analyst says. Goodbody Stockbrokers expresses its optimism regarding Tysabri achieving sales of $2.2 billion in 2009.