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Fly News Breaks for April 30, 2015
VRX
Apr 30, 2015 | 07:43 EDT
Barclay's Doug Taso raised Valeant's (VRX) price target to $275 from $230 and named its his Top Pick following the Q1 report and recent management meetings that increased his confidence that earnings growth can be higher than consensus expectations. Management inferred that the Marathon and Salix (SLXP) acquisitions will drive much higher gross margins and the analyst believes the deal pipeline remains strong and dealmaking should continue. The firm has an Overweight rating on Valeant shares.
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