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Valeant Pharmaceuticals (VRX) — Morgan Stanley (MS) upgraded Valeant Pharmaceuticals to overweight and raised its price target to $42 per share from $33. The investment firm says improved operating income and a lower debt load can help boost shares.
Lumber Liquidators (LL) — A California court ruled in favor of Lumber Liquidators on claims it did not warn consumers that some of its flooring products used cancer-causing formaldehyde. The plaintiffs, Global Community Monitor and Sunshine Park, will pay Lumber Liquidators $100,000 for reimbursement costs incurred defending the lawsuit.
Urban Outfitters (URBN) — The retailer reported better-than-expected earnings and sales. Urban Outfitters posted adjusted earnings per share of 66 cents on revenue of $890.6 million. Wall Street was expecting adjusted EPS of 55 cents and revenue of $885.6 million.
Lowe’s (LOW) — The company lowered itsRead More »from Valeant Pharmaceuticals upgrade; Lumber Liquidators wins ruling; Urban Outfitters soars