RBC Capital Positive on Valeant's (VRX) CFO Hire

August 22, 2016 8:25 AM EDT
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Price: $22.10 +1.19%

Rating Summary:
    12 Buy, 11 Hold, 3 Sell

Rating Trend: Up Up

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    Up: 25 | Down: 28 | New: 8
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RBC Capital analyst Douglas Miehm views Valeant Pharmaceuticals' (NYSE: VRX) hiring of Paul Herendeen as EVP and CFO as a positive.

Miehm notes from Herendeen comes from Zoetisc and has over 16 years of public company CFO experience.

"We view the addition positively and note that Mr. Herendeen's experience in various CFO roles should strengthen Valeant's executive team," the analyst said.

The firm retained their Sector Perform rating and price target of $36 on VRX.

For an analyst ratings summary and ratings history on Valeant Pharmaceuticals click here. For more ratings news on Valeant Pharmaceuticals click here.

Shares of Valeant Pharmaceuticals closed at $28.74 yesterday.

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