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Stock Market & Financial Investment News

News Breaks
January 15, 2013
09:00 EDTFRXForest Labs falls 5.3%
Forest Labs is down 5.3%, or $1.99, to $35.60
News For FRX From The Last 14 Days
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June 13, 2013
08:04 EDTFRXForest Labs' Namenda for Alzheimer's now available in the U.S.
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07:17 EDTFRXForest Labs may be more willing to explore strategic alternatives, says Cantor
Cantor believes that Forest may have become more willing to explore strategic alternatives. The firm thinks the company is an attractive takeover candidate. It raised its price target on the shares to $48 from $45 and keeps a Buy rating on the stock.
June 12, 2013
06:46 EDTFRXForest Labs price target raised to $48 from $43 at Jefferies
Jefferies expects shares of Forest Labs to continue to trade on the company's strong fundamentals following its agreement with Carl Icahn, but adds the pact could deflate expectations for a potential sale in the near-term. The firm upped its price target for the stock to $48 and keeps a Buy rating on the name.
June 11, 2013
08:07 EDTFRXForest Labs agrees to pact with Icahn, appoints Intrieri to board
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June 7, 2013
08:05 EDTFRXForest Labs looks to avoid another fight with Icahn, Reuters reports
Forest Laboratories is attempting to avoid another bitter proxy battle with investor Carl Icahn ahead of its annual investor meeting this summer, sources say, reports Reuters. Icahn is Forest's second biggest shareholder and the two sides have been in discussions over the course of the year and talks are ongoing to avoid a third proxy fight in as many years, the sources added. Reference Link
June 5, 2013
10:07 EDTFRXOn The Fly: Analyst Upgrade Summary
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08:23 EDTFRXForest Labs upgraded to Buy from Hold at Argus
Argus upgraded Forest Labs given its diversified product portfolio, future pipeline contribution, and near-term strength from Namenda. Price target is $46.

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