BUZZ-Concordia International Corp: Lowest in almost 28 months

Tue Aug 2, 2016 11:40am EDT
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** Canadian pharmaceutical company's shares down as much as 12.2 at pct at C$20.02; lowest in almost 28 months

** U.S.-listed shares down 9.9 pct at $15.41

** RBC Capital Markets cuts PT on U.S. stock to $33 from $40; Median PT $40.14

** "We anticipate that the UK's vote to leave the E.U. has, not surprisingly, likely complicated the ongoing strategic review process," RBC Capital Markets analysts write in a note

** Brokerage also cites company's risks related to integration, acquisitions, clinical trial failures, reliance on third parties for manufacturing and significant debt load among other things

** Up to Monday's close, company's Toronto-listed shares had fallen 60 pct this year