Forest at sector perform rating by RBC

RBC Capital Markets analyst Douglas Miehm rated Forest Laboratories Inc. at sector perform, above average risk, on news that the company's earnings per share of $0.62 beat the analyst's estimate of $0.53 and consensus of $0.52. Revenues were $816.3 million, up from $711.8 million last year, and ahead of RBC's forecast of $792.0 million and consensus of $786.1 million. RBC raised its price target to $48. Shares of the New York City-based pharmaceutical company were up 33 cents, or 0.78%, at $42.90 on volume of 3,622,900 shares versus the three-month running average of 2,162,210 shares. (NYSE: FRX)

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