Forward Pharma (FWP) Reports Q4 Loss of $0.25/Share

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Forward Pharma (FWP) PT Lowered to $22 at Jefferies; Reiterates Hold

April 19, 2017 9:10 AM EDT

Jefferies lowered its price target on Forward Pharma (NASDAQ: FWP) to $22.00 (from $24.00) while maintaining a Hold rating. FWP reported a 4Q16 EPS of $0.20 vs estimates of ($0.41). The difference was the recognition of a $21.3M deferred tax benefit that FWP expects to utilize in 2017... More