Wall St. dips as healthcare lags before Fed statement

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UPDATE: Piper Jaffray Downgrades Valeant Pharmaceuticals (VRX) to Underweight

March 15, 2016 11:15 AM EDT

(Updated - March 15, 2016 11:20 AM EDT)

Piper Jaffray downgraded Valeant Pharmaceuticals (NYSE: VRX) from Neutral to Underweight. Analyst David Amsellem called Valeant a "broken company" and noted trouble spots across a number of segments.

Amsellem explained the downgrade, "VRX reported 4Q15 adjusted... More