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Stock Market & Financial Investment News

News Breaks
January 16, 2013
08:27 EDTFRXForest Labs restructuring or takeout not likely, says Susquehanna
Susquehanna believes Forest Labs investors are hoping for a major restructuring or takeout but the firm does not view either scenario as likely. Susquehanna lowered its estimates citing management guidance, lower revenues, and significant spending on new product launches. The firm maintains its Negative rating and $29 price target.
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