Forest Labs (FRX) volatility flat into lower guidance

Forest Labs (NYSE: FRX) overall option implied volatility of 27 is near its 26-week average of 26 according to Track Data, suggests non-directional price movement into the company sees FY13 adjusted EPS 95c-$1.10, consensus 98c. The company is hosting an investor day on June 20. SunTrust Robinson Humphrey has an Underweight rating on the company.

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