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VRX

Valeant

$17.59

0.35 (2.03%)

10:18
07/17/17
07/17
10:18
07/17/17
10:18

Wells says Valeant selling Obagi for less than half of price paid in 2013

After Valeant announced it has agreed to sell its Obagi Medical Products business for $190M in cash, Wells Fargo analyst David Maris noted that this sale price is less than half of the $437M that the company paid to acquire Obagi in April 2013. While Valeant continues to make progress toward its asset sales and debt reduction targets, Maris does not believe that its recent divestitures have had a significant deleveraging impact. He keeps an Underperform rating on Valeant shares.

  • 08

    Aug

  • 24

    Aug

VRX Valeant
$17.59

0.35 (2.03%)

06/29/17
CANT
06/29/17
NO CHANGE
Target $23
CANT
Overweight
Valeant price target raised to $23 from $18 at Cantor Fitzgerald
In a research note partially titled "We Are Not Waiting Around For More Shoes to Drop," Cantor Fitzgerald analyst Louise Chen raised her price target for shares of Valeant Pharmaceuticals to $23 from $18. The drugmaker closed yesterday up 50c to $17.15. The price target raise is driven by multiple expansion, Chen tells investors in her note. She believes this is deserved because Valeant's "execution has continued to meet or exceed our expectations." The analyst thinks the company has reached a positive inflection point in its turnaround. Chen is confident in CEO Joe Papa's ability to return Valeant to growth. The analyst highlights positive script trends for Salix and believes the company can continue to refinance its debt to push out the maturities beyond where they are today.
06/27/17
WELS
06/27/17
NO CHANGE
WELS
Underperform
Several Valeant products on FDA generic focus list, says Wells Fargo
Wells Fargo analyst David Maris noted that several Valeant products are included on the FDA's list of branded drugs that have no listed patents or exclusivities and for which the agency has yet to approve an abbreviated new drug application. The FDA said it intends to expedite the review of any generic drug application for a product on this list, which Maris feels is a risk about which Valeant investors should be aware. He keeps an Underperform rating on Valeant shares.
06/27/17
WELS
06/27/17
NO CHANGE
WELS
Underperform
Valeant debt-for-equity swap would be significantly dilutive, says Wells Fargo
Following a press report that claims Valeant has been having talks with some debtholders about a possible debt-for-equity swap, Wells Fargo analyst David Maris said he believes the company probably anticipated this given its decision to drop EPS guidance in favor of EBITDA for 2017. The analyst, who sees a debt-for-equity swap to be "significantly dilutive" to equity holders, adds that he thinks the consensus forecast for strong EPS growth in 2018- 2022 is "increasingly unlikely." Maris keeps an Underperform rating on Valeant shares.
06/19/17
WELS
06/19/17
NO CHANGE
WELS
Underperform
Wells says Paulson joining Valeant board likely a 'signal of dissatisfaction'
Wells Fargo analyst David Maris said that while some shareholders might see John Paulson joining Valeant's board as a vote of confidence, he "cannot help but think" this is a "signal of dissatisfaction of some sort." Maris, who maintains his long-held Underperform rating on Valeant, added that he does not know what new domain experience Paulson will bring to the board that was not already present.

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UNH

UnitedHealth

$203.89

10.69 (5.53%)

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Sina

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CLDR

Cloudera

$15.51

0.13 (0.85%)

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Hitachi

$75.56

-0.49 (-0.64%)

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Hitachi

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PNFP

Pinnacle Financial

$65.15

-1.15 (-1.73%)

18:35
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Earnings
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FULT

Fulton Financial

$18.95

-0.3 (-1.56%)

18:07
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EXXI

Energy XXI

$8.59

-0.41 (-4.56%)

18:07
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FULT

Fulton Financial

$18.95

-0.3 (-1.56%)

18:07
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Fulton Financial cuts Q4 net interest margin view to up 2-6 bp from 3-9 »

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HGV

Hilton Grand Vacations

$39.83

0.05 (0.13%)

17:45
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Hilton Grand Vacations acquires Sunrise Lodge, terms not disclosed »

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PRGX

PRGX Global

$6.80

0.05 (0.74%)

, KR

Kroger

$20.48

0.04 (0.20%)

17:42
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Hot Stocks
PRGX Global signs multi-year technology services contract with Kroger »

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PRGX

PRGX Global

$6.80

0.05 (0.74%)

KR

Kroger

$20.48

0.04 (0.20%)

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UBFO

United Security Bank

$9.50

-0.05 (-0.52%)

17:38
10/17/17
10/17
17:38
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17:38
Earnings
United Security Bank reports Q3 EPS 16c versus 12c in year-ago period »

Reports Q3 NII $8.2M…

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UBSH

Union Bankshares

$35.32

-0.18 (-0.51%)

, XBKS

Xenith Bankshares

$32.77

-0.07 (-0.21%)

17:35
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Xenith Bankshares merger into Union Bankshares receives regulatory approval »

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UBSH

Union Bankshares

$35.32

-0.18 (-0.51%)

XBKS

Xenith Bankshares

$32.77

-0.07 (-0.21%)

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OMAB

OMA Airports

$41.34

0.28 (0.68%)

17:35
10/17/17
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17:35
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OMA Airports reports Q3 terminal passenger traffic up 1.3% »

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IBM

IBM

$146.54

-0.29 (-0.20%)

17:34
10/17/17
10/17
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17:34
Earnings
IBM sees $2.8B-$2.9B increase in Q4 sales from Q3 »

Sees $300M-$400M boost…

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OMAB

OMA Airports

$41.34

0.28 (0.68%)

17:33
10/17/17
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Earnings
OMA Airports reports Q3 EPS 66c, consensus 70c »

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SCSS

Select Comfort

$30.38

-0.17 (-0.56%)

17:33
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IBM

IBM

$146.54

-0.29 (-0.20%)

, IBKR

Interactive Brokers

$47.40

-0.32 (-0.67%)

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$146.54

-0.29 (-0.20%)

IBKR

Interactive Brokers

$47.40

-0.32 (-0.67%)

SSKN

STRATA Skin Sciences

$1.75

-0.04 (-2.23%)

HCLP

Hi-Crush Partners

$8.95

0.25 (2.87%)

SCSS

Select Comfort

$30.38

-0.17 (-0.56%)

NAVI

Navient

$12.20

0.47 (4.01%)

CREE

Cree

$29.34

0.06 (0.20%)

AKTX

Akari Therapeutics

$6.40

-0.08 (-1.23%)

MOBL

MobileIron

$3.80

-0.1 (-2.56%)

FOGO

Fogo De Chao

$12.05

0.1 (0.84%)

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IBM

IBM

$146.54

-0.29 (-0.20%)

17:32
10/17/17
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Hot Stocks
IBM sees increase in gross margin of 2.5 points from Q3 to Q4 »

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PAYX

Paychex

$62.90

-0.55 (-0.87%)

17:31
10/17/17
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Syndicate
Breaking Syndicate news story on Paychex »

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VZ

Verizon

$48.40

0.31 (0.64%)

17:24
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FCC settles New York City E-rate investigation with Verizon »

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SCSS

Select Comfort

$30.38

-0.17 (-0.56%)

17:20
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Breaking Hot Stocks news story on Select Comfort »

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  • 17

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IBM

IBM

$146.54

-0.29 (-0.20%)

17:17
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17:17
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IBM: Global business services signings up for 3rd consecutive quarter »

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IBM

IBM

$146.54

-0.29 (-0.20%)

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IBM saw 'strong' Watson growth in Q3 »

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ODP

Office Depot

$3.76

-0.02 (-0.53%)

17:13
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10/17
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17:13
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Office Depot's Allison sells 360,000 common shares »

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SCSS

Select Comfort

$30.38

-0.17 (-0.56%)

17:12
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Breaking Hot Stocks news story on Select Comfort »

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