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US Financial Network: Wasserman Morris & Co. initiates coverage and issues research report for HydroFlo with price target upgrade to $2.10 and Lubrizol schedules quarterly teleconference

Wednesday, October 05, 2005 11:02 ET

Oct 05, 2005 (M2 PRESSWIRE via COMTEX) --Specialty Chemical industry news provided by Financial News USA (OTC: FNWU) HydroFlo, Inc. (OTCBB: HYRF) yesterday announced that New York-based Wasserman Morris & Company, an independent investment research firm, began its initial coverage of the Company. Wasserman Morris & Company initiated coverage with a report that upgraded the previous price target from $0.47 to $2.10 well above its current trading price while maintaining a "Speculative Buy." Their report is available for viewing at http://www.wassermanmorris.com.

Lubrizol (NYSE: LZ), a global specialty chemical company, will hold its quarterly conference call to discuss 3rd quarter results on Thursday, October 27, 2005, at 1:00 p.m. Eastern time. Innovative Biosensors, Inc. (IBI), a company developing rapid, ultra-sensitive tests to detect harmful pathogens, and Cambrex Bio Science Walkersville, Inc., a subsidiary of Cambrex Corporation (NYSE: CBM), recently announced that they have signed an agreement for Cambrex to supply cGMP manufacturing services. A Sigma-Aldrich Corp. (Nasdaq: SIAL) unit created a new entity for its fine chemicals business, it said Monday. The SAFC fine chemicals division created SAFC Biosciences, based in Lenexa, Kan., to include its biopharmaceutical development and cell-culture-related manufacturing services. The company transferred the former JRH Biosciences business, which it acquired earlier this year for $370 million, into the new unit, which becomes a legal entity Jan. 1.

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As of Saturday, 10-01-2005 23:59, the latest Comtex SmarTrend(SM) Alert,
an automated pattern recognition system, indicated an UPTREND on
09-13-2005 for CBM @ $19.84.

As of Saturday, 10-01-2005 23:59, the latest Comtex SmarTrend(SM) Alert,
an automated pattern recognition system, indicated an UPTREND on
09-28-2005 for LZ @ $43.18.

As of Saturday, 10-01-2005 23:59, the latest Comtex SmarTrend(SM) Alert,
an automated pattern recognition system, indicated an UPTREND on
07-12-2005 for SIAL @ $57.95.

(C) 2005 Comtex News Network, Inc. All rights reserved.

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