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2 Stocks Hitting 52-Week Highs: The Medicines Cos., Herbalife

NEW YORK ( TheStreet) - Shares of The Medicines Co. (MDCO - Get Report) and Herbalife (HLF - Get Report) reached 52-week highs on Wednesday.

Both stocks are rated as buys by TheStreet Ratings.

The Medicines Cos.

The pharmaceutical company reported Wednesday fourth-quarter earnings of $19.6 million, or 36 cents a share, down from year-ago earnings of $58.6 million, or $1.09 a share.

Shares of Medicines hit a 52-week high Wednesday of $22.82. The stock's 52-week low of $12.33 was set on Aug. 9.

Medicines has a forward P/E of 18.98; the average for pharmaceutical companies is 21.93. For comparison, Medicis Pharmaceutical (MRX) and Par Phamaceutical (PRX) both have lower forward P/Es of 12.71 and 10.46.

Five of the seven analysts who cover Medicines rate it at buy. Two analysts have hold ratings.

TheStreet Ratings gives Medicines a B grade and $27.83 price target. The stock has risen 19.05% year to date.

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