Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Markets & Finance

Lehman Calls Forest Labs 'Best' Trading Idea


Lehman Brothers called Forest Labs (FRX) the best near-term trading idea in its universe.

Analyst Richard Silver says despite his unchanged equal-weight rating, and a more cautious long-term outlook absent meaningful product pipeline strengthening, he thinks the shares offer the best near-term trading idea. He notes Forest Labs is approaching the Sept. 24 FDA advisory panel review of Alzheimer's drug Memantine, which he expects to be favorable. He also cites the stock's recent underperformance.

With September's arrival, and the end of summer vacations, Silver expect the financial community to become refocused on the Memantine panel meeting, which could drive stock outperformance ahead of the actual panel date.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus