General Motors (GM) Tops Q3 EPS by 31c
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October 22, 2015 11:57 AM EDT
UBS reiterated a Buy rating on General Motors (NYSE: GM), and raised the price target to $50.00 (from $48.00), following the company's 3Q15 earnings results. GM reported a $0.31 Q3 beat vs. consensus. Adjusted EBIT of $3.1bn beat consensus of $2.7bn, reflecting strong margin growth in... More
October 21, 2015 7:08 AM EDT
By Caroline Valetkevitch
(Reuters) - U.S. stocks fell on Wednesday as a sharp drop in Valeant Pharmaceuticals hit the healthcare space, while the energy sector dropped along with oil prices.
Valeant Pharmaceuticals' (NYSE: VRX) U.S.-listed shares plunged to an intraday low of $88.50 on record volume after a short-seller accused the company of using specialty pharmacies to inflate its revenue.
The company denied the allegation, and later investor Bill Ackman said he increased his Valeant stake by about 2 million shares. The stock pared losses to end down 19.2 percent at $118.61,... More
