Bausch Health Solvency Remains A Concerns, Analyst Downgrades Stock
Bausch Health reports Q2 2024 GAAP EPS of $0.03, missing the consensus of $0.28. Revenue hits $2.403 billion, up 11% YoY. Piper Sandler downgrades BHC to Underweight with a price target of $3, citing concerns over debt maturing in 2027/2028 and Xifaxan's loss of exclusivity.