Why Valeant Pharmaceuticals Stock Fell 11% in January [The Motley Fool]
VALEANT PHARMACEUTICALS (VRX)
Last valeant pharmaceuticals earnings: 2/28 07:00 am
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ir.valeant.com
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Source: The Motley Fool
Wall Street is starting to doubt Valeant's comeback plan. George Budwell ( TMFGBudwell ) Feb 14, 2018 at 2:01PM What happened Valeant Pharmaceuticals ( NYSE:VRX ) stock started the year off on a sour note by shedding nearly 11% of its value in January, according to S&P Global Market Intelligence . What's behind this double-digit drop? The specialty pharma's stock tumbled immediately after analysts at Goldman Sachs issued a dreaded sell rating on the company's shares. Goldman's pessimistic outlook reportedly stems from the company's high debt load, new competitive threats to its product portfolio, and the risk of outstanding lawsuits eventually resulting in sizable financial penalties. Image source: Getty Images. So what Up until now, CEO Joseph Papa has done an admirable job of turning Valeant around in the face of these daunting
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