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Valeant Pharmaceuticals International Inc price target slashed, stock downgraded at RBC

Valeant CEO Michael Pearson

Valeant Pharmaceuticals International Inc.’s disclosure that it’s the subject of an SEC probe was enough to convince Douglas Miehm at RBC Capital Markets to finally downgrade the stock .

The analyst also slashed his price target on Valeant share to US$85 from US$194, which still represents upside of roughly 30 per cent.

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