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Stock Market & Financial Investment News

News Breaks
April 1, 2014
05:26 EDTCRLCharles River Labs sees acquisition of CRO services accretive to FY14 EPS by 10c
Charles River Laboratories International announced that it has completed the previously announced acquisition of the CRO services division of Galapagos NV, which includes both Argenta and BioFocus. The acquisition positions Charles River as a full service, early-stage contract research organization, or CRO, with integrated in vitro and in vivo capabilities from target discovery through preclinical development. The acquisition is expected to add approximately 6% to Charles Riverís net sales in 2014. It is also expected to be accretive to non-GAAP EPS in 2014 by approximately 10c. Items excluded from non-GAAP earnings per share are expected to include all deal-related costs including amortization of intangible assets.
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March 26, 2015
10:04 EDTCRLOn The Fly: Analyst Downgrade Summary
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07:25 EDTCRLCharles River Labs downgraded at SunTrust
As noted earlier, SunTrust downgraded Charles River to Neutral from Buy. The firm downgraded the stock based on valuation. Target to $84 from $88.
05:51 EDTCRLCharles River Labs downgraded to Neutral from Buy at SunTrust
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