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UPDATE: Duncan-Williams Color on Forest Laboratories PT Increase
Thursday, June 23, 2011 - 8:01am | 125Duncan-Williams, which raised its PT on shares of Forest Laboratories Inc. (NYSE: FRX), is providing some color on the stock. “In a recent SEC filing Forest disclosed that the Icahn parties held 7.20% of the outstanding common stock (fourth largest shareholder behind Wellington, Vanguard, and...
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Duncan Williams Raises PT On Forest Laboratories To $45
Thursday, June 23, 2011 - 6:21am | 27Duncan Williams has raised the price target on Forest Laboratories (NYSE: FRX) from $40 to $45 and maintains its Buy rating.
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Colgate and Forest Labs to Open Near 52-Week Highs
Tuesday, June 21, 2011 - 8:22am | 255Colgate-Palmolive (NYSE: CL) and Forest Laboratories (NYSE: FRX) reached new 52-week highs of $89.28 and $39.56 per share, respectively, late in Monday's trading session. Colgate just announced the completion of its purchase of the Sanex personal care brand from Unilever (NYSE: UL). Colgate has a...
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Goldman Sachs Maintains Neutral Rating On Forest Laboratories
Tuesday, June 14, 2011 - 8:39am | 116According to Goldman Sachs, Forest Laboratories (NYSE: FRX) announced it has received notice that High River Limited Partnership, an entity affiliated with Carl Icahn, has taken a 6.5% stake in the company (options and shares) and intends to nominate four individuals for election to Forest's nine-...
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CIGNA and Forest Laboratories Open Near 52-Week Highs
Friday, June 10, 2011 - 9:48am | 216CIGNA (NYSE: CI) and Forest Laboratories (NYSE: FRX) reached new 52-week highs of $50.70 and $37.87 per share, respectively, on Thursday but were lower in premarket trading Friday. CIGNA was raised to Outperform as yesterday's Bull of the Day at Zacks. The company has a market cap of $13.6...
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J.P. Morgan Maintains Overweight on Forest Laboratories
Friday, June 10, 2011 - 8:46am | 141J.P. Morgan is out with its report today on Forest Laboratories (NYSE: FRX), maintaining Overweight. In a note to clients, J.P. Morgan writes, "Following the approval of Daliresp and the acquisition of Viibryd earlier this year and ahead of FDA filings for linaclotide and aclidinium as several...
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Ten More Takeover Candidates
Friday, June 10, 2011 - 7:35am | 874Yesterday, we had a quick look at ten potential takeover targets from a list of 50 offered up recently by Deutsche Bank (NYSE: DB) strategists. Here we glance at another ten from their list of leveraged buyout candidates. Again, the companies on their list have market capitalizations of less than...
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UPDATE: J.P. Morgan Upgrades Forest Laboratories to Overweight
Friday, June 3, 2011 - 8:23am | 145J.P. Morgan is out with its report today on Forest Laboratories (NYSE: FRX), upgrading FRX from Neutral to Overweight. In a note to clients, J.P. Morgan writes, "We are upgrading FRX shares to Overweight from Neutral and see an increasingly favorable risk/reward profile for the stock. Our survey...
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JP Morgan Upgrades Forest Laboratories To Overweight, PT Raised To $41
Friday, June 3, 2011 - 6:56am | 40JP Morgan has upgraded Forest Laboratories (NYSE: FRX) from Neutral to Overweight and has raised the price target from $38 to $41 as a favorable risk/reward profile is being witnessed for the stock.
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UPDATE: Jefferies Color On Forest Laboratories PT Increase
Monday, May 16, 2011 - 7:28am | 115Jefferies, which raised its PT on shares of Forest Laboratories Inc. (NYSE: FRX), is providing some color on the stock. “FRX has proven its development capability over the last three years and its focus now returns to what it does best – commercial execution. The Street's pessimistic about...
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Jefferies Raises PT On Forest Labs To $42
Monday, May 16, 2011 - 6:05am | 27Jefferies & Company has raised the price target on Forest Labs (NYSE: FRX) from $39 to $42 and maintains its Buy rating.
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Piper Jaffray Lowers PT On Forest Laboratories To $29
Monday, April 18, 2011 - 6:10am | 27Piper Jaffray has lowered the price target on Forest Laboratories (NYSE: FRX) from $31 to $29 and maintains its Underweight rating.
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Citi Comments On FRX Core Product And Pricing Trends
Tuesday, March 15, 2011 - 8:29am | 314In its core product and pricing trends for the week ending 3-4-11, Citi is focusing on the following Forest Laboratories, Inc. (NYSE: FRX) products: Lexapro: “~$2.82B Annual Run Rate Implied by 4-Week Average TRx's vs. Our FY'11E US Sales of $2.28B,” Citi writes. “Lexapro posted wkly NRx/TRx of 232...
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Jefferies Sees No Value Destruction To Forest Laboratories
Wednesday, February 23, 2011 - 10:33am | 181Jefferies & Company has published a research report on Forest Laboratories (NYSE: FRX) as Jefferies believes that the company will experience no value destruction to shares despite its deep late-stage pipeline operations. In the report, Jefferies writes "Viibryd, CLDA's (NASDAQ: $31.21, NC)...
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Oppenheimer Adjusts FRX Estimates Following CLDA Acquisition Announcement
Wednesday, February 23, 2011 - 9:52am | 191On 2/22, Forest Laboratories, Inc. (NYSE: FRX) announced an agreement to acquire Clinical Data, Inc. (NASDAQ: CLDA) with the transaction expected complete ~2Q11. “FRX will pay $30.00/sh plus up to $6.00/sh related to Viibryd commercial milestones,” Oppenheimer writes. “At ~2.0x our Viibryd peak...