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Valeant's (VRX) Buy Rating Reiterated at BofA/Merrill Lynch

October 15, 2015 10:12 AM EDT

BofA/Merrill Lynch reiterated a Buy rating on Valeant Pharmaceuticals (NYSE: VRX) with a price target of $290. Analyst Sumant S. Kulkarni said while volatility is expected, due to overly conservative DCF scenarios on pricing, weakness could present a "particularly good opportunity."

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