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VRX

Valeant

$16.27

0.919 (5.99%)

12:30
01/10/17
01/10
12:30
01/10/17
12:30

Valeant CEO says have to listen to asset offers due to debt situation

Valeant Pharmaceuticals CEO Joseph Papa said on CNBC that his company needs to listen to any "significant" offers for of its assets given its debt situation. The comment came in response to a question on whether Valeant's Salix unit remains up for sale.

  • 10

    Jan

  • 16

    Feb

VRX Valeant
$16.27

0.919 (5.99%)

01/04/17
PIPR
01/04/17
NO CHANGE
Target $11
PIPR
Underweight
Piper calls Valeant 'not investable,' cuts target to $11
Piper Jaffray analyst David Amsellem cut his price target for Valeant Pharmaceuticals to $11 from $16 and reiterates an Underweight rating on the shares. The drugmaker closed yesterday up 72c to $15.24. After taking a closer look at prescription trends across the company's U.S. business, Amsellem believes shares of Valeant are "not investable." The company faces "significant pressure" from generic competition on high-margin assets while the "picture on the whole continues to look challenging," the analyst tells investors in a research note. He believes the likelihood of "significant pressure on the shares is far higher than that of potential recovery."
01/10/17
WELS
01/10/17
NO CHANGE
WELS
Underperform
Valeant hiked prices on over 50 products last week, says Wells Fargo
Wells Fargo analyst David Maris said last night that on January 6, Valeant Pharmaceuticals implemented 95 different price increases across more than 50 products. This shows the company continues to rely on price as a means of growth and may also signal that Valeant's prescription volumes continue to remain challenged, Maris told investors in a research note. He reminds investors that Friday's price hikes "come on top of significant price increases--some of them more than 100%--taken on products in previous years and several taken in late 2016." Maris continues to believe the "new Valeant" is the "same Valeant using the same strategy and pricing levers that have been used before." The analyst keeps an Underperform rating on the shares with a $10-$13 price target range. The stock is up 12% to $17.20 in pre-market trading following the announcement of several asset sales.
01/10/17
BMOC
01/10/17
NO CHANGE
Target $21
BMOC
Market Perform
Valeant sales of Dendreon, CeraVe a 'good start,' says BMO Capital
BMO Capital analyst Gary Nachman said Valeant's (VRX) sales of Dendreon to Sanpower Group and CeraVe, AcneFree and AMBI to L'Oreal (LRLCY) for roughly $2.1B in cash have a combined average sales multiple of 4.4x, which appears to be a "solid price" and a good start for the company as it looks to sell additional assets to address its debt. Nachman also noted that Valeant announced that its second Phase 3 study for IDP-118 was successful, though he remains cautious on the drug given that most psoriasis creams are generic at this point. The analyst keeps a Market Perform rating and $21 price target on Valeant shares, which are up nearly 13% to $17.31 in pre-market trading.
01/10/17
01/10/17
NO CHANGE

Wells Fargo says Valeant debt problematic, base business still weak
Wells Fargo analyst David Maris said the proceeds announced today from Valeant's sale of its Dendreon unit, CeraVe and two other products would cover some, but not all, of the approximately $3.8B in debt the company has due in 2018. Valeant has not made clear in its press releases if these deals are dilutive to EPS, noted Maris, who believes the company's debt is problematic and base business remains weak. Maris keeps an Underperform rating on Valeant shares.

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FINL

Finish Line

$16.06

0.65 (4.22%)

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AYX

Alteryx

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GOOG

Alphabet

$817.58

-12.01 (-1.45%)

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Alphabet Class A

$839.65

-10.15 (-1.19%)

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$817.58

-12.01 (-1.45%)

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$839.65

-10.15 (-1.19%)

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HBAN

Huntington Bancshares

$13.02

0.24 (1.88%)

19:38
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  • 19

    Apr

FFBC

First Financial Bancorp

19:37
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First Financial Bancorp initiated at DA Davidson »

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PEBO

Peoples Bancorp

$31.20

0.32 (1.04%)

19:37
03/23/17
03/23
19:37
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19:37
Initiation
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KEY

KeyCorp

$17.25

0.1 (0.58%)

19:37
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  • 20

    Apr

E

Eni SpA

$32.37

0.27 (0.84%)

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PGH

Pengrowth Energy

19:12
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Pengrowth to sell Montney Lands at Bernadet for $92M »

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ARES

Ares Management

$18.35

-0.1 (-0.54%)

19:11
03/23/17
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19:11
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Upgrade
Ares Management rating change at Keefe Bruyette »

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KHC

Kraft Heinz

$92.01

-0.28 (-0.30%)

19:06
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Periodicals
Kraft Heinz lays off about 200 white collar workers, Crain's Chicago reports »

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CHMI

Cherry Hill Mortgage

$16.93

-1.49 (-8.09%)

19:06
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Syndicate
Cherry Hill Mortgage 4.5M share Secondary priced at $16.50 »

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  • 24

    Mar

BSM

Black Stone Minerals

$16.51

-0.39 (-2.31%)

19:01
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19:01
Upgrade
Black Stone Minerals rating change at Stifel »

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CMCSA

Comcast

$37.22

0.18 (0.49%)

, CMCSK

Comcast

19:01
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Comcast

$37.22

0.18 (0.49%)

CMCSK

Comcast

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BLCM

Bellicum Pharmaceuticals

$12.90

-1.47 (-10.23%)

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MET

MetLife

$52.05

0.28 (0.54%)

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  • 13

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LYV

Live Nation

$29.30

0.55 (1.91%)

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T

AT&T

, CHTR

Charter

$323.62

2.42 (0.75%)

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$323.62

2.42 (0.75%)

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  • 09

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LNVGY

Lenovo

$12.62

0.08 (0.64%)

, INTC

Intel

$35.27

-0.1 (-0.28%)

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Lenovo

$12.62

0.08 (0.64%)

INTC

Intel

$35.27

-0.1 (-0.28%)

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  • 04

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  • 02

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ERN

Erin Energy

18:35
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CVX

Chevron

$107.87

-0.52 (-0.48%)

18:25
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  • 23

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Conference/Events
Federal Reserve Bank of Dallas President discusses economic outlook »

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