Forestar Group price target raised to $29 from $23 at JMP Securities JMP Securities increased its target on Forestar after the company provided guidance that the firm views as strong. The firm expects the company to meet its guidance, and it remains bullish on the stock. The firm maintains an Outperform rating on the shares.
Forestar Group announces plan to explore strategic alternatives Forestar Group announced that its board, working together with its management team and financial advisor, Goldman, Sachs, is exploring strategic alternatives to enhance shareholder value. This analysis will include a review of alternatives with respect to the oil and gas business. There is no assurance that exploration of strategic alternatives will result in any transaction being consummated. The company does not intend to discuss or disclose further developments during this process until its review is complete.