Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

BofA Starts Coverage of Biovail with 'Sell'

Banc of America initiated coverage of Biovail (BVF) with a sell recommendation and set a $22 price target.

Analyst David Maris says that while his review of Biovail's product pipeline is mixed, with Wellbutrin XL a great opportunity but others less so, he believes that economic profits have been negligible in the past several years, as demonstrated by a big gap between GAAP results and the company's pro forma adjusted estimates. Maris says Biovail screens at nearly the bottom of the list in many categories, such as return on invested capital, and with sizable debt, low cash balance, several recent negative earnings revisions, he would rather wait for greater organic growth and EPS revision stability before revisiting his rating.

blog comments powered by Disqus