UPDATE: Bank of America Downgrades Vivus as Partnering Prospects Weaken
February 25, 2014 at 08:12 AM EST
In a report published Tuesday, Bank of America analyst Steve Byrne downgraded the rating on Vivus (NASDAQ: VVUS ) from Neutral to Underperform, and lowered the price target from $11.00 to $6.00. In the report, Bank of America noted, “We lowered our DCF-derived PO to $6 (from $11) and our
