Acacia Research downgraded to Underweight from Overweight at Stephens Stephens downgraded Acacia Research two notches to Underweight from Overweight due to lack in confidence in financial projections following "abysmal" Q3 results. Price target to $13 from $29.
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Acacia Research enters into agreement with Panasonic Acacia Research (ACTG) announced that its Optimum Power Solutions subsidiary has entered into a patent license and settlement agreement with Panasonic (PCRFY). This agreement resolves all claims between Optimum Power Solutions and Panasonic Corporation arising out of the patent litigation pending in the United States Court of Appeals for the Federal Circuit.