BofA/Merrill Lynch maintained a Buy rating on Valeant Pharmaceuticals (NYSE: VRX) with a price target of $290. Analyst Sumant S. Kulkarni said he continues to monitor concerns related to improper pricing and alleged irregularities in financial reporting, but he believes Valeant presents an "enhanced buying opportunity" at current levels.

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Shares of Valeant Pharmaceuticals closed at $118.61 yesterday.