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Regeneron Pharmaceuticals (NasdaqNM:REGN) Last updated Mar 31, 2003

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Maged Shenouda .............. J.P. Morgan……….March 31, 2003

Downgraded to NEUTRAL from OVERWEIGHT

REGN Price day before:$17.31Finish day of posting:$7.52Current:$7.52

-----------February 26, 2003-------------

New OVERWEIGHT

REGN Price day before:$17.67Finish day of posting:$18.15Current:$7.52

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Yaron Werber .............. SG Cowen……….March 17, 2003

New MARKET PERFORM

REGN Price day before:$19.83Finish day of posting:$20.38Current:$7.52

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David Williams ........... Fulcrum Global Partners……….January 08, 2003

Downgraded to NEUTRAL from BUY

REGN Price day before:$19.42Finish day of posting:$18.94Current:$7.52

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??????? .................... Bear Stearns……….November 20, 2002

New PEER PERFORM

REGN Price day before:$16.45Finish day of posting:$17.61Current:$7.52

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Michael G King Jr ..... Banc of America……….October 15, 2002

New BUY

REGN Price day before:$13.70Finish day of posting:$14.47Current:$7.52

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Jim Birchenough ........ Lehman Brothers……….September 20, 2002

New EQUALWEIGHT/POSITIVE

Price Target $17.00 (Hit target November 04, 2002)

REGN Price day before:$13.17Finish day of posting:$12.74Current:$7.52

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Steven D Harr .......................Morgan Stanley……….June 12, 2002

New EQUALWEIGHT/ATTRACTIVE

Price Target $29.00

REGN Price day before:$14.36Finish day of posting:$13.80Current:$7.52

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Franklin M Berger ................J.P. Morgan……….February 07, 2002

Upgraded to BUY from LONG TERM BUY

Price Target $36.00

REGN Price day before:$20.98Finish day of posting:$21.81Current:$7.52

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Eric M Hecht .................... Merrill Lynch……….February 06, 2002

Reiterated STRONG BUY (near term)

REGN Price day before:$23.58Finish day of posting:$20.98Current:$7.52

---------------January 07, 2002-------------

Reiterated STRONG BUY (near term)

Price Target $40.00

REGN Price day before:$27.37Finish day of posting:$26.77Current:$7.52

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Michael G King Jr ......Robertson Stephens……November 29, 2001

Reiterated BUY

Price Target $35.00

REGN Price day before:$27.60Finish day of posting:$27.18Current:$7.52

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