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VRX

Valeant

$14.08

0.09 (0.64%)

10:40
09/15/17
09/15
10:40
09/15/17
10:40

Far downside put buyer in Valeant

Far downside put buyer in Valeant. The stock flat at $14 and 27.5K Nov 11 puts bought for 40c per contract, tied to 500K shares. 35K trade on the day against 246 open interest and the bearish activity opens positions struck 21.5% below spot. Next earnings expected 11/7 and inside of the November expiration. Shares rose 1.8% on 8/8/17 after the last report, but have dropped 10.5% since that time.

  • 25

    Sep

  • 02

    Oct

VRX Valeant
$14.08

0.09 (0.64%)

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.
08/17/17
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.
08/29/17
CANT
08/29/17
NO CHANGE
Target $23
CANT
Overweight
No fundamental reasons for Valeant weakness, says Cantor
Cantor Fitzgerald analyst Louise Chen attributes recent weakness in Valeant shares in part to a civil securities fraud lawsuit that seeks $80B in damages and in part to sell side price target cuts. However, she expects Valeant to vigorously defend itself and believes any resolution would be "significantly less dramatic" than the suit's initial claims. The analyst, who sees no fundamental reasons for the stock's pullback, keeps an Overweight rating and $23 price target on Valeant shares.
08/31/17
RAJA
08/31/17
NO CHANGE
RAJA
Market Perform
Investors wrong to think Fosun will acquire Impax, says Raymond James
Raymond James analyst Elliot Wilbur says shares of Impax Laboratories (IPXL) are up 20% after Shanghai Fosun Pharmaceutical disclosed this morning a 5.19% stake in the company. Investors interpreting the investment as strategic, setting up an eventual takeover of Impax, is inaccurate, Wilbur tells investors in a research note. The analyst points out that Shanghai Fosun has a New York-based investment arm with positions in companies including Valeant Pharmaceuticals (VRX), Dova Pharmaceuticals (DOVA) and Nature's Sunshine Products (NATR). The stake is just a passive investment made because the investment arm of Shanghai Fosun believes in the Impax turnaround story "and nothing more," Wilbur contends. He keeps a Market Perform rating on Impax. The stock in afternoon trading is up 20%, or $3.62, to $21.58.

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$10.24

0.13 (1.29%)

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EFA

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JNK

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