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Buy Valeant Pharmaceuticals (VRX) Ahead of Investor Day Catalyst - Guggenheim

November 24, 2015 8:02 AM EST

Guggenheim analyst Louise Chen reiterated a Buy rating and $195 on Valeant Pharmaceuticals (NYSE: VRX) saying the stock has bottomed and multiple expansion will drive shares higher. Chen recommends buying ahead of the December 16, 2015 investor day catalyst.

"Concerns regarding high-priced drugs and specialty pharmacies have weighed on VRX shares since mid-September,... More