Valeant's (VRX) Amended Credit Agreement Seen as Positive - Morgan Stanley
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Valeant's (VRX) Amended Facility Expected, But Shares Remain Uninvestible - Piper
August 19, 2016 6:39 AM EDTPiper Jaffray affirms Valeant Pharma (NYSE: VRX) with an Underweight rating and $22 price target following news that the company entered an amended credit facility.
Analyst David Amsellem commented today:
Valeant shares have been strong of late, ostensibly in anticipation of an amendment to the companys credit facility (which was announced on Thursday) that gives the company more breathing room as it looks to stabilize and turn around key segments and sell off non-core assets... More
