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Bausch Health price target lowered to $8 from $9 at RBC Capital

RBC Capital lowered the firm’s price target on Bausch Health to $8 from $9 and keeps a Sector Perform rating on the shares ahead of its Q3 results. The analyst is citing adverse FX moves while also adjusting the firm’s model for Xifaxan U.S. scripts estimated to be slightly down in Q3 after growth in the first half of the year.

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