By: Benzinga
UPDATE: Jefferies Reiterates Valeant Pharmaceuticals at Buy Following Cash Tender Offer
Jefferies maintained Valeant Pharmaceuticals (NYSE: VRX ) with a Buy rating and a $77.00 price target. Jefferies analyst Corey Davis commented, "This morning, VRX announced a ~$360M all-cash tender offer for Obagi Medical Products. It's not a “transformative” deal, but mildly accretive and a solid strategic fit with its new
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