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CHATTEM INC (NasdaqNM:CHTT)       Updated March 25, 2003

Please note Targets & Prices adjusted for 2:1 Split Dec 02, 2002

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William Chappell ... SunTrust Robinson Humphrey…….March 21, 2003

Upgraded to OVERWEIGHT from EQUALWEIGHT

CHTT Price day before: $19.42Finish day of posting:$20.25Current:$15.17

-----------October 08, 2002-------------

New OUTPERFORM

Price Target $25.00

CHTT Price day before: $19.42Finish day of posting:$20.25Current:$15.17

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William H Steele ................. Banc of America…...January 13, 2003

Downgraded to NEUTRAL from BUY

CHTT Price day before: $18.86Finish day of posting:$18.09Current:$15.17

-------------April 18, 2002--------------

Maintained BUY

Price Target raised to $17.00 from $14.50 (Hit target June 12, 2002)

CHTT Price day before: $11.75Finish day of posting:$11.54Current:$15.17

------------------March 06, 2002--------------

Upgraded to BUY from MARKET PERFORM

Price Target $12.00 (Hit target March 27, 2002)

CHTT Price day before: $8.49Finish day of posting:$9.36Current:$15.17

---------------November 09, 1999------------

New MARKET PERFORM

CHTT Price day before: $9.99Finish day of posting:$9.97Current:$15.17

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Douglas M Lane .............. Avondale Partners……..December 17, 2002

New OUTPERFORM

Price Target $25.00

CHTT Price day before: $20.90Finish day of posting:$20.33Current:$15.17

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Andrew P. Wolf ........... BB&T Capital Markets…...September 27, 2002

Downgraded to BUY from STRONG BUY

Price Target raised to $25.00 from $19.50

CHTT Price day before: $20.63Finish day of posting:$20.05Current:$15.17

---------------March 27, 2002------------------

Upgraded to STRONG BUY from LONG TERM BUY

Price Target $15.00 (Hit target April 22, 2002)

EPS est raised 2002: to$1.65from$1.40

CHTT Price day before: $11.80Finish day of posting:$11.93Current:$15.17

---------------March 23, 2001---------------

Upgraded to LONG TERM BUY from HOLD

Price Target $7.00 (Hit target October 04, 2001)

CHTT Price day before: $4.69Finish day of posting:$4.25Current:$15.17

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Holly L Guthrie .......................... Investec ……..August 27, 2002

New BUY

Price Target $25.00

CHTT Price day before: $18.95Finish day of posting:$18.55Current:$15.17

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Michael Ruesy ..............A.G. Edwards …..............May 30, 2000

Downgraded to REDUCE from ACCUMULATE

CHTT Price day before: $7.06Finish day of posting:$6.31Current:$15.17

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