In a survey of 24 sell-side analysts by Bloomberg, the average price target for Valeant Pharmaceuticals Intl Inc. (TSX:VRX)(NYSE:VRX) sits at an eye-popping $92 (U.S). In fact, only four of the analysts rate Valeant a sell, despite the company’s countless problems.
Then again, analysts have always been bullish on Valeant. At the end of September, when Valeant was trading for $178 per share, the average price target on the company was $280. And only one analyst had a sell rating at the time: Dimitry Khmelnitsky of Veritas Investment Research