Bill Ackman's Pershing Square Down 19% YTD (VRX)

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Valeant (VRX) PT, Estimates Cut at BMO Capital; Remains on the Sidelines

November 3, 2015 8:18 AM EST

BMO Capital analyst Alex Arfaei cut estimates and his price target on Valeant Pharmaceuticals (NYSE: VRX) to $133.00 (from $141.00). The firm is also staying on the sidelines with a Market Perform rating amid news the company is terminating its relationship with Philidor.

Arfaei commented, "Although we welcome this course of action, we... More

Valeant Pharma (VRX) Adds to Gains

November 3, 2015 8:14 AM EST

Beaten down Valeant Pharma (NYSE: VRX) is adding to yesterday's gains in pre-open trade. Shares are up 5.8% to $106.28 after rising 7.15% yesterday. Shares have been under extreme pressure as short sellers point to fraud at the company and regulators point to 'price... More

Valeant Pharma (VRX) Issues Dear Doctor Letter; Philidor Issues Release - Evercore ISI

November 2, 2015 9:04 PM EST

Evercore ISI analyst Umer Raffat noted two new developments in the Valeant Pharma (NYSE: VRX) saga. First the company sent a dear doctor letter to dermatologists and separately, Philidor issued a press release.

Raffat highlighted the following from the letter:

For... More

Market Wrap: Dow Jones Turns Positive for 2015; Citron Out with More on Valeant; Mergers Galore

November 2, 2015 5:44 PM EST

Market wrap for November 2nd

End of the Day: S&P 500 up 24.7 to 2,104.05; Dow Jones up 165.2 to 17,828.76; Nasdaq up 73.4 to 5,127.15

Market Brief: The Dow Jones Industrial Average pushed into positive territory for 2015, now up a modest 0.03% for the year.

Energy stocks made a 2.4 percent move higher today, leading the S&P 500.

Merger Monday is back for the second-straight week as a slew of announcements were made ahead of the opening bell.

Citron Research was... More

Dead Cat Bounce, Or is a Sustainable Relief Rally in Store for Valeant (VRX)?

November 2, 2015 3:17 PM EST

Citron Research founder Andrew Left's decision to step back from publishing incremental negative research on Valeant (NYSE: VRX) does absolutely nothing to change the fact that there are things we simply don't know about the company's financials, however it does temporarily remove the threat of death by 1000 tweets. This could open the door for analysts who had been supportive of the company... More

Valeant Pharma (VRX) Was Top Stock for TD Ameritrade Retail Clients on Friday - Sherrod

November 2, 2015 2:03 PM EST

Valeant Pharma (NYSE: VRX) was the most heavily traded stock for TD Ameritrade retail investors on Friday, Nicole Sherrod said. Buys heavily outweighed sells.

$VRX was the #1 top traded stock for TD Ameritrade retail investors on Friday. Buys heavily outweighing sells.

Nicole Sherrod (@TDANSherrod) November 2, 2015... More

Goldman Sachs says Valeant has long road ahead, cuts rating

November 2, 2015 1:19 PM EST

By Ankur Banerjee

(Reuters) - Goldman Sachs on Monday downgraded Valeant Pharmaceuticals International Inc's (NYSE: VRX) (NYSE: VRX) stock, nearly two weeks after an influential short seller accused the Canadian drug maker of cooking its books.

While investors have fled the company's stock, which has lost a third of its value since Citron Research published its report on Oct. 21, sell-side analysts have remained stubbornly positive on the stock.

BTIG and BMO Capital Markets have lowered their ratings to "hold" in the past two weeks.... More

Citron's Andrew Left said he is not done with Valeant (VRX) story; Will pass info to main stream media

November 2, 2015 12:28 PM EST

Citron's Andrew Left said he is not done with Valeant (NYSE: VRX) story. Will pass info to main stream media.

... More

Citron's Andrew Left denies he made $150 million short Valeant (VRX)

November 2, 2015 12:25 PM EST

Citron's Andrew Left denies he made $150 million short Valeant (NYSE: VRX).

... More

Citron's Left stands by story on Valeant (VRX)

November 2, 2015 12:25 PM EST

Citron's Left stands by story on Valeant (NYSE: VRX)

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Citron's Left said "I have nothing with Bill Ackman. This is about Valeant (VRX)"

November 2, 2015 12:18 PM EST

Citron's Left said "I have nothing with Bill Ackman. This is about Valeant (NYSE: VRX)."

... More