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VRX

Valeant

09:37
08/25/17
08/25
09:37
08/25/17
09:37

Lord Abbett stock fraud suit could be costly for Valeant, Bloomberg reports

Lord Abbett & Co. has filed a securities fraud lawsuit against Valeant Pharmaceuticals claiming it purchased shares in the company at an artificially high price because of misinformation provided by Valeant, Bloomberg reports, citing the filing. The suit is invoking New Jersey's racketeer influenced and corrupt organizations law allowing Lord Abbett to potentially seek a penalty three times as large as losses it allegedly sustained from the drop in Valeant's share price. Reference Link

  • 11

    Sep

VRX Valeant

08/17/17
CANT
08/17/17
NO CHANGE
Target $23
CANT
Overweight
Cantor says positive developments at Valeant 'hard to ignore'
In a research note titled "Hard To Ignore All The Positive Developments Coming Out of VRX," Cantor Fitzgerald analyst Louise Chen says the FDA's intention to issue a Voluntary Action Indicated inspection classification for the company's Bausch + Lomb manufacturing facility in Tampa is good news. The development should facilitate the approval of new drugs manufactured out of this facility, Chen tells investors in a research note. She points out that the FDA did not identify any efficacy or safety concerns with respect to the new drug application for Vyzulta, or additional clinical trials needed for the approval. The analyst thinks Vyzulta has the potential to be a blockbuster drug and that manufacturing uncertainties related to current and upcoming regulatory submissions should be eliminated for products manufactured at the Tampa facility. Chen has an Overweight rating on Valeant with a $23 price target. The drugmaker closed yesterday at $14.15.
08/09/17
PIPR
08/09/17
NO CHANGE
Target $14
PIPR
Underweight
Valeant price target raised to $14 from $10 at Piper Jaffray
Piper Jaffray analyst David Amsellem raised his price target for Valeant Pharmaceuticals to $14 saying the company's Q2 earnings report contained some bright spots. Performance from Xifaxan as well as Bausch and Lomb was "solid," Amsellem tells investors in a research note. The analyst, however, reiterates an Underweight rating on the shares. Valeant's debt levels remain "exceedingly high" and its EBITDA is likely to decline in 2018, the analyst argues.
08/08/17
WELS
08/08/17
NO CHANGE
WELS
Underperform
Wells' Maris says Valeant Q2 report 'doesn't look good'
Wells Fargo analyst David Maris, who has a long-standing Underperform rating on Valeant, noted the company's Q2 GAAP EPS of (11c) and that its reported revenues were down 8% compared to the same quarter of last year. Valeant's adjusted EBITDA of $951M missed his $983M estimate and its leverage ratio has not materially improved, but has in fact worsened, said Maris, who continues to believe the "longer-term outlook for Valeant is not promising."
08/04/17
WELS
08/04/17
NO CHANGE
WELS
Underperform
Valeant's Isuprel to face generic from Nexus, says Wells Fargo
Wells Fargo analyst David Maris noted that the FDA is reporting, and Nexus Pharmaceuticals has confirmed to him, that the company received approval for a generic version of Valeant's Isuprel. Nexus expects to "command the lion's share" of the U.S. market for the drug, as its version is made in the U.S. and has longer stability than Valeant's version, Maris tells investors. The analyst, who notes that Valeant previously indicated it anticipated that Isuprel would lose exclusivity in Q4, keeps an Underperform rating on the stock.

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$1.24

0.0199 (1.63%)

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HLI

Houlihan Lokey

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  • 24

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GEO

Geo Group

$26.20

0.2 (0.77%)

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  • 14

    Dec

DBVT

DBV Technologies

$48.07

0.92 (1.95%)

, AIMT

Aimmune

$25.66

-0.06 (-0.23%)

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AIMT

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  • 06

    Nov

KALV

KalVista

$11.26

1.99 (21.47%)

, DBVT

DBV Technologies

$48.07

0.92 (1.95%)

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KALV

KalVista

$11.26

1.99 (21.47%)

DBVT

DBV Technologies

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IPCI

Intellipharmaceutics

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DBVT

DBV Technologies

$48.07

0.92 (1.95%)

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WFC

Wells Fargo

$54.92

1.17 (2.18%)

17:08
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Periodicals
Regulator criticizes Wells Fargo over deceptive auto insurance program, NYT says »

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ALIM

Alimera Sciences

17:01
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Alimera Sciences to sell $25M in shares in an 'at the market offering' »

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SYMC

Symantec

$32.66

0.33 (1.02%)

16:51
10/20/17
10/20
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Breaking Syndicate news story on Symantec »

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  • 01

    Nov

EBMT

Eagle Bancorp

$19.55

0.15 (0.77%)

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Breaking Hot Stocks news story on Eagle Bancorp »

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KALV

KalVista

$11.26

1.99 (21.47%)

16:43
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Breaking Hot Stocks news story on KalVista »

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JAGX

Jaguar Health

$0.19

0.002 (1.08%)

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TSLA

Tesla

$345.10

-6.71 (-1.91%)

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  • 01

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SNV

Synovus

$47.30

0.54 (1.15%)

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  • 03

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GTXI

GTx

$7.92

0.1 (1.28%)

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ASB

Associated Banc-Corp

$25.90

1.3 (5.28%)

, BKMU

BankMutual

$10.80

0.55 (5.37%)

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Conference/Events
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ASB

Associated Banc-Corp

$25.90

1.3 (5.28%)

BKMU

BankMutual

$10.80

0.55 (5.37%)

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  • 24

    Oct

CNXR

Connecture

$0.49

-0.01 (-2.00%)

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GE

General Electric

$23.83

0.25 (1.06%)

, PG

Procter & Gamble

$88.25

-3.34 (-3.65%)

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GE

General Electric

$23.83

0.25 (1.06%)

PG

Procter & Gamble

$88.25

-3.34 (-3.65%)

CELG

Celgene

$121.33

-14.63 (-10.76%)

SNCR

Synchronoss

$11.39

-0.12 (-1.04%)

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SKX

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$33.99

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PYPL

PayPal

$70.97

3.72 (5.53%)

NCR

NCR Corp.

$33.05

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LHO

LaSalle Hotel

$28.52

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16:30
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Preliminary option volume of 22.9M today »

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MKL

Markel

$1,078.23

14.88 (1.40%)

, SNC

State National

$21.05

0.02 (0.10%)

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MKL

Markel

$1,078.23

14.88 (1.40%)

SNC

State National

$21.05

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  • 24

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RYTM

Rhythm Pharmaceuticals

$23.08

-0.17 (-0.73%)

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