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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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UEPS

Net 1 UEPS

$9.69

0.27 (2.87%)

13:49
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13:49
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ATUS

Altice USA

$20.48

0.62 (3.12%)

13:45
11/20/17
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13:45
Conference/Events
Morgan Stanley European telecom analysts hold analyst/industry conference call »

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HBI

Hanesbrands

$19.64

0.14 (0.72%)

13:40
11/20/17
11/20
13:40
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13:40
Options
Higher option volume in Hanesbrands driven by a call spread »

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LLL

L3 Technologies

$188.16

3.77 (2.04%)

13:30
11/20/17
11/20
13:30
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13:30
Initiation
L3 Technologies initiated  »

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RXDX

Ignyta

$14.90

0.05 (0.34%)

13:30
11/20/17
11/20
13:30
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13:30
Initiation
Ignyta initiated  »

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BKD

Brookdale Senior Living

$10.43

0.01 (0.10%)

13:30
11/20/17
11/20
13:30
11/20/17
13:30
Options
Bullish option play in Brookdale Senior Living »

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ADI

Analog Devices

$90.42

-0.06 (-0.07%)

13:26
11/20/17
11/20
13:26
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13:26
Technical Analysis
Technical View: Analog Devices hits new 52-week high »

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CVS

CVS Health

$70.05

-0.63 (-0.89%)

, AET

Aetna

$174.65

1.45 (0.84%)

13:25
11/20/17
11/20
13:25
11/20/17
13:25
Periodicals
CVS, Aetna could reach deal by end of November, WSJ reports »

Amazon (AMZN) threat is…

CVS

CVS Health

$70.05

-0.63 (-0.89%)

AET

Aetna

$174.65

1.45 (0.84%)

AMZN

Amazon.com

$1,129.88

-7.41 (-0.65%)

FB

Facebook

$179.00

-0.59 (-0.33%)

GOOG

Alphabet

$1,019.09

-13.41 (-1.30%)

GOOGL

Alphabet Class A

$1,035.89

-12.58 (-1.20%)

NFLX

Netflix

$193.20

-2.31 (-1.18%)

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AMC

AMC Entertainment

$12.63

-0.32 (-2.47%)

13:25
11/20/17
11/20
13:25
11/20/17
13:25
Options
AMC Entertainment call volume above normal and directionally bullish »

Bullish option flow…

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  • 29

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13:25
11/20/17
11/20
13:25
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13:25
Conference/Events
Cowen consumer analyst holds an analyst/industry conference call »

Consumer: Beverages,…

AUPH

Aurinia Pharmaceuticals

$5.14

-0.05 (-0.96%)

13:18
11/20/17
11/20
13:18
11/20/17
13:18
Conference/Events
Aurinia Pharmaceuticals management to meet with Seaport Global »

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$NSD

NASDAQ Market Internals

13:17
11/20/17
11/20
13:17
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13:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

13:16
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11/20
13:16
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13:16
Technical Analysis
NYSE market internals summary »

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EA

Electronic Arts

$108.82

-2.78 (-2.49%)

13:12
11/20/17
11/20
13:12
11/20/17
13:12
Periodicals
EA's 'Battlefront 2' physical sales 60% lower than 'Battlefront,' Eurogamer says »

Electronic Arts'…

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GES

Guess

$17.30

-0.36 (-2.04%)

13:10
11/20/17
11/20
13:10
11/20/17
13:10
Options
Defensive option play in Guess ahead of earnings »

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13:10
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13:10
General news
FX Action: USD-JPY »

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RGC

Regal Entertainment

$15.83

-0.34 (-2.10%)

13:05
11/20/17
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13:05
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Options
Regal Entertainment call volume above normal and directionally bullish »

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MMM

3M

$233.21

3.85 (1.68%)

13:03
11/20/17
11/20
13:03
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13:03
Periodicals
Minn. seeks to add punitive damages to 3M suit, Bloomberg reports »

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  • 28

    Nov

MDT

Medtronic

$79.36

-0.13 (-0.16%)

, LOW

Lowe's

$81.60

1.38 (1.72%)

12:59
11/20/17
11/20
12:59
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12:59
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

MDT

Medtronic

$79.36

-0.13 (-0.16%)

LOW

Lowe's

$81.60

1.38 (1.72%)

ADI

Analog Devices

$90.42

-0.06 (-0.07%)

DLTR

Dollar Tree

$94.61

-0.02 (-0.02%)

HRL

Hormel Foods

$33.28

0.16 (0.48%)

CPB

Campbell Soup

$50.29

0.57 (1.15%)

BURL

Burlington Stores

$105.94

1.21 (1.16%)

SIG

Signet Jewelers

$76.49

-0.09 (-0.12%)

DSW

DSW

$22.42

0.27 (1.22%)

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CMPR

Cimpress

$122.17

3.09 (2.59%)

12:58
11/20/17
11/20
12:58
11/20/17
12:58
Conference/Events
Cimpress management to meet with SunTrust »

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  • 20

    Nov

INTU

Intuit

$156.55

0.9 (0.58%)

, A

Agilent

$69.52

0.73 (1.06%)

12:58
11/20/17
11/20
12:58
11/20/17
12:58
Earnings
Notable companies reporting after market close »

Notable companies…

INTU

Intuit

$156.55

0.9 (0.58%)

A

Agilent

$69.52

0.73 (1.06%)

PANW

Palo Alto Networks

$142.68

-0.04 (-0.03%)

URBN

Urban Outfitters

$27.90

1.45 (5.48%)

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  • 17

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    Jan

BBY

Best Buy

$56.62

0.79 (1.42%)

12:52
11/20/17
11/20
12:52
11/20/17
12:52
Conference/Events
Best Buy management to meet with SunTrust »

Group dinner to be held…

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  • 20

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POST

Post Holdings

$81.06

0.11 (0.14%)

12:50
11/20/17
11/20
12:50
11/20/17
12:50
Recommendations
Post Holdings analyst commentary  »

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KO

Coca-Cola

$45.71

-0.005 (-0.01%)

12:50
11/20/17
11/20
12:50
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12:50
Options
Call buyers in Coke after an Investor Day »

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AFSI

AmTrust

$9.05

-0.06 (-0.66%)

12:48
11/20/17
11/20
12:48
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12:48
Conference/Events
AmTrust management to meet with SunTrust »

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  • 20

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